Fox has finalized its Roku acquisition well ahead of schedule, forming a free streaming giant
Fox Corporation has finalized its $22 billion acquisition of Roku ahead of schedule. The deal aims to consolidate Fox's streaming presence by combining Roku with Tubi to compete with major streaming platforms.
Why it matters
This merger significantly shifts the landscape of the free, ad-supported streaming market and consolidates media power under Fox.
Fox has bought Roku in a big strategic move under CEO Lachlan Murdoch. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images; Jon Kopaloff/WireImage Fox finalized its Roku deal on Friday, months ahead of schedule. Owning Roku will give Fox control of two top free streamers. Fox told investors that it expects to save $400 million from the deal. Fox has bought Roku in a deal that could transform the TV giant into a free streaming powerhouse . The timing of the $22 billion deal is a surprise. Fox originally said it expected its Roku acquisition to be finalized in the first half of 2027.
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