Fox buys Roku – GSMArena.com news | Infinium-tech

Today Fox Corporation announced that it has entered into a definitive agreement with Roku to purchase it for $160 per share, of which $96 will be cash and the rest will be Fox shares. The transaction values ​​Roku at $22 billion, but it’s unclear exactly how much Fox is paying. As for its value, it says it received $12 billion of fully committed bridge financing from Morgan Stanley for the transaction, so that’s probably in the ballpark.

The transaction is expected to close in the first half of next year, after receiving all necessary regulatory approvals. This acquisition combines the leader in live news and sports (Fox) with the leading connected TV platform (Roku reaches more than 100 million global streaming homes, including more than half of all US broadband homes).

According to the official press release, “Together, Fox and Roku will combine premium live content, broad distribution and access to significant audiences across linear and streaming”. The move positions Fox across the entire video ecosystem and gives it entry into the connected TV segment, as well as combining Fox’s premium content and advertising capabilities with Roku’s UI, platform technology and “direct viewer relationships” to create a more powerful streaming platform to “expand content discovery, deepen engagement, and create more engaging streaming experiences for consumers and content partners.”

Fox will continue to operate Roku “as an open, partner-friendly platform.” The combined company will become the third-largest company in US TV by viewing share.

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