Fox to acquire Roku in $22B deal

福克斯（Fox）将以 220 亿美元收购 Roku

Fox confirmed Monday that it is acquiring streaming company Roku in a stock and cash deal valued at around $22 billion, one of the largest media acquisitions in years and a clear sign of where the TV industry is placing its bets. 福克斯周一确认，将以股票加现金的方式收购流媒体公司 Roku，交易价值约为 220 亿美元。这是近年来规模最大的媒体收购案之一，也明确显示了电视行业未来的押注方向。

Fox said the deal reflects two forces reshaping how people watch video: the enduring pull of live sports and news, and the relentless growth of streaming. Fox says the combined company will become the third-largest television business in the United States by viewership. 福克斯表示，这笔交易反映了重塑人们观看视频方式的两股力量：体育直播和新闻的持久吸引力，以及流媒体的持续增长。福克斯称，合并后的公司将成为美国收视率第三大的电视业务实体。

The deal merges Fox’s news and sports channels and its free ad-supported streaming service Tubi, with Roku’s connected TV platform — the software that powers many of the smart TVs and streaming devices people already have in their living rooms. 该交易将福克斯的新闻和体育频道及其免费广告支持的流媒体服务 Tubi，与 Roku 的联网电视（CTV）平台进行了整合——该平台是许多人客厅中智能电视和流媒体设备的底层软件。

Together, Fox says, the combined company will have reach across both traditional TV and streaming — a combination increasingly seen as essential as audiences split their time between live broadcasts and on-demand platforms. 福克斯表示，合并后的公司将同时覆盖传统电视和流媒体领域。随着观众在直播节目和点播平台之间分配时间，这种组合被认为日益重要。

The deal gives Fox direct access to Roku’s audience of 100 million households, which Fox says will help the company target ads more effectively and rely less on traditional delivery. Fox also says the acquisition gives it a stronger foothold in connected TV — the fast-growing market for streaming ads and subscriptions, often referred to in the industry as “CTV.” 这笔交易使福克斯能够直接接触到 Roku 拥有的 1 亿家庭用户。福克斯表示，这将有助于公司更有效地进行广告投放，并减少对传统分发渠道的依赖。福克斯还表示，此次收购使其在联网电视（CTV）领域站稳了脚跟，这是一个流媒体广告和订阅业务快速增长的市场。

Fox CEO Lachlan Murdoch called the acquisition a “defining” moment for the company. “This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile,” Lachlan said in a press release. “Roku pioneered streaming TV and scaled it into a leading CTV platform. Together, we intend to lead its next chapter.” 福克斯首席执行官拉克兰·默多克（Lachlan Murdoch）称此次收购是公司“决定性”的时刻。他在新闻稿中表示：“此次合并将使我们的公司业务转型至高增长垂直领域，并使我们的整体增长状况实现跨越式发展。Roku 开创了流媒体电视先河，并将其打造为领先的 CTV 平台。我们将共同引领它的下一个篇章。”

The move continues a wave of consolidation in media as traditional broadcasters race to build scale in streaming. Fox acquired Tubi for $440 million in 2020 at the height of competition across the live streaming industry. Last year, the company launched Fox One, its direct-to-consumer streaming service. 此举延续了媒体行业的整合浪潮，传统广播公司正竞相扩大流媒体业务规模。福克斯曾在 2020 年流媒体行业竞争最激烈时，以 4.4 亿美元收购了 Tubi。去年，该公司还推出了直接面向消费者的流媒体服务 Fox One。

“I’m incredibly proud of what our team has built, and the combination with Fox is an extraordinary opportunity to accelerate our vision, scale faster, and innovate more aggressively for viewers, partners, and advertisers,” said Roku founder and CEO Anthony Wood. “I couldn’t be more excited about what we’ll accomplish together.” Roku 创始人兼首席执行官安东尼·伍德（Anthony Wood）表示：“我为我们的团队所建立的一切感到无比自豪。与福克斯的结合是一个绝佳的机会，可以加速实现我们的愿景，更快地扩大规模，并为观众、合作伙伴和广告商进行更积极的创新。我对我们共同将要取得的成就感到无比兴奋。”

The deal has been approved by the boards of directors of both companies and is expected to close in the first half of 2027. Fox says it obtained a $12 billion loan for the acquisition. 该交易已获得两家公司董事会的批准，预计将于 2027 年上半年完成。福克斯表示，已为此次收购获得了 120 亿美元的贷款。