M&A · Tech · Cable & Other Pay Television Services
Fox Corp to acquire Roku, Inc
Announced Jun 15, 2026 · Closed Nov 6, 2026
Deal value$22.00BEV $22.00B
Premium—To unaffected price
EV / Adj. EBITDA—4.4x EV / Revenue
ConsiderationCash and stock$160.00 per share
Transaction
- Acquirer
- Fox Corp (FOXA)
- Target
- Roku, Inc (ROKU)
- Buyer type
- Strategic
- Offer price per share
- $160.00
- Enterprise value
- $22.00B
- Status
- Closed Nov 6, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $1.24B · 5.6%
- Go-shop
- No-shop
- Financing
- Committed · Morgan Stanley
Advisors
- To the acquirer
- Allen & Company, Morgan Stanley, Goldman Sachs
- To the target
- Qatalyst
- Allen & Company fee
- $55.0M
Sector context · Tech
- Comparable deals
- 66 in the prior 24 months
- Premium
- Sector median 39.0%
- EV / Adj. EBITDA
- Sector median 15.4x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedJun 15, 2026
- Proxy filedSep 1, 2026
- Definitive proxySep 1, 2026
- Shareholder voteOct 14, 2026
- ClosedNov 6, 2026
Valuation · fairness opinions
Trading comparablesAllen & Company$118.75$171.55
Trading comparablesAllen & Company$142.35$191.01
Trading comparablesAllen & Company$135.95$181.11
Trading comparablesAllen & Company$148.01$195.89
Trading comparablesAllen & Company$59.07$77.45
Discounted cash flowQatalyst$112.68$176.99
Discounted cash flowQatalyst$153.26$189.60
Discounted cash flowQatalyst$84.00$128.89
Discounted cash flowQatalyst$82.59$126.55
Offer $160.00
Implied value per Roku, Inc share by analysis, from Allen & Company and Qatalyst.