Fox is exploring an acquisition of Roku at $160 per share in a combination of cash and stock, a price that has been speculated in the market but has not been publicly confirmed.

The backstory: old friends reconnecting

Fox and Roku aren’t strangers. Fox originally took a stake of roughly 5% in Roku back in 2013, well before streaming wars became a permanent fixture of the entertainment landscape. Fox held that position until 2020, when it sold its shares to help bankroll the acquisition of Tubi, the free ad-supported streaming service.

The relationship between the two companies has remained active even after the equity sale. In May 2026, Fox launched its premium subscription service, FOX One, on The Roku Channel. That service carries a $19.99 monthly price tag and features coverage of major live events, including the FIFA World Cup 2026.

What the market has been telling us

On June 12, reports surfaced that Roku was actively exploring strategic options, including a potential full sale of the company. At least one unnamed US media company was noted as showing interest, which sent Roku’s stock soaring 20 to 22% in a single session.

Shares closed near $143.66 on that day, hitting a four-year high. The speculated $160 per share price would represent roughly an 11% premium over those elevated post-rumor levels, and a substantially larger premium over where shares were trading before the sale rumors broke.