Fox Finalizes Twenty-Two Billion Dollar Acquisition of Streaming Giant Roku

Fox finalized its $22 billion acquisition of Roku on Friday, completing the massive media deal months earlier than anticipated to establish a dominant position in the free streaming television market.

The transaction, which was originally projected to close in the first half of 2027, brings the streaming company founded in 2002 under the direct ownership of Fox.

With the integration of Roku, Fox now controls a platform reaching more than 100 million households in the United States and gains oversight of both The Roku Channel and Tubi.

The deal provides Fox with a significant advantage in the connected TV market, allowing the company to scale its advertising business and reduce its reliance on traditional television distribution models.

"Our top priority for the combined company is to continue to relentlessly serve audiences and partners," said Lachlan Murdoch, the chief executive officer of Fox, in a statement.

Fox informed investors that it expects to generate approximately $400 million in annual cost savings within two years as a result of the merger.

The combined entity now ranks as the third-largest television business in the United States by viewership, according to data from Nielsen cited by the company.

Roku founder Anthony Wood, who now serves on the Fox board of directors, emphasized that the platform's commitment to an open streaming ecosystem will remain unchanged under new ownership.

"We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today," said Wood.

The completion of the deal follows a period of federal scrutiny, as the Justice Department had issued a second request for information regarding the acquisition just two months ago.

While reports earlier this month suggested the transaction was nearing regulatory approval, the final closing date arrived unexpectedly early for industry observers.