Fox Pays 2021 Prices for Roku, Betting on Ad-Stack Synergies Post-Compression

Fox agreed on June 15 to acquire Roku for $160 per share, valuing the platform at $22 billion including debt. That price echoes Roku's 2021 peak—reached before the 2022-2023 valuation collapse. By paying peak rates after compression, Fox signals confidence in monetizing the combined entity through Tubi distribution and consolidated ad inventory, gaining direct home-screen control over 100 million streaming households.