Fox completes its $22B acquisition of Roku
Fox Corporation has finalized its $22 billion acquisition of Roku, aiming to bolster its position in the connected TV and streaming advertising market. The deal, which closed ahead of schedule, grants Fox access to over 100 million households and integrates Roku's streaming infrastructure into its media portfolio.
Why it matters
This merger significantly consolidates the U.S. television landscape, shifting traditional media power toward digital streaming and data-driven advertising.
Fox has completed its $22 billion acquisition of Roku, wrapping up one of the biggest media deals in recent years and giving the company a major boost in the streaming and connected TV space.
Announced Friday, the deal brings the streaming company founded in 2002 formally under Fox’s ownership. Fox says the combined company now ranks as the third-largest television business in the U.S. by viewership.
“We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today. What does change is our reach and resources,” Roku founder Anthony Wood said in a statement. “Our teams will keep building and innovating as they always have, now with the support and capabilities of Fox behind us.”
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