Fox Corp. has agreed to acquire streaming platform Roku for approximately $22 billion, with Fox securing a $12 billion loan to fund the deal. The combined company will be controlled 73% by Fox shareholders and 27% by Roku shareholders.
Fox has obtained financing for its acquisition of Roku, one of the largest media consolidation deals in recent years. The $12 billion loan will help cover the roughly $22 billion purchase price, with the remainder funded through other means.
Under the agreement, existing Fox shareholders will retain approximately 73% ownership of the merged entity, while Roku shareholders will hold about 27%. This ownership split reflects Roku's valuation relative to Fox in the combined company.
The acquisition marks another significant consolidation in the media and streaming sector as traditional broadcasters seek to strengthen their positions against dominant streaming platforms. Roku, which provides a major platform for streaming content distribution, would become part of Fox's broader media operations.
The deal still requires regulatory approval and other customary closing conditions. Fox previously announced plans to pursue the Roku acquisition as part of its strategy to expand its streaming capabilities and digital infrastructure.
The financing arrangement demonstrates Fox's commitment to completing the transaction despite current market conditions. The $12 billion loan commitment provides substantial backing for the deal's completion.
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