The deal, announced on Monday, will provide access to the Fox’a Roku channel, first-party data, and more than 100 million global streaming households.
Fox, a media giant that includes sports, news, and entertainment content, as well as Tubi’yi, charges 96 for every unpaid Roku Class A and Class B stake. $ will pay 0,9693 shares in cash and Class A ordinary stocks. The value of the transaction per Roku share is $160.
Upon completion of the deal, existing Fox shareholders agreed that the combined company's approximation of ’üne, Roku shareholders approx. %It is expected to have 27’sine.
The deal is expected to be completed in the first half of next year. It still needs approval from Fox and Roku shareholders, as well as regulatory approvals.
Lachlan K. Murdoch, chairman and CEO of Fox Corporation’, said in a statement on Fox Corp’'s website, ’Today we are taking the next step: We are combining the most valuable live content portfolio in video consumption with the leading streaming platform watched by America’.
Anthony Wood, founder, president and CEO of Roku’, also made a public statement about the agreement.
Over the past two decades, we've made Roku“ the leading TV streaming platform, reaching over 100 million households worldwide and reshaping the way people discover and enjoy entertainment. I'm incredibly proud of what our team has done, and the merger with Fox is an extraordinary opportunity to accelerate our vision, scale faster, and innovate more aggressively for audiences, partners, and advertisers, ” said.
