Fox Corporation to Acquire Roku for $22 Billion

Fox Corporation announced today that it was acquiring Roku, the US-based company behind popular streaming players, smart TVs, and streaming services, for $22 billion. In a press release, Roku announced that the deal aims to create the third-largest player in US television by viewing share. It will do so by combining Fox’s premium live content with streaming services such as Tubi, which Fox acquired back in 2020, and The Roku Channel.

“Together, Fox and Roku will create a scaled next-generation media and technology company positioned at the intersection of two of the most important forces reshaping video consumption: the enduring primacy of live sports and news, and the continued rise of streaming,” the press release reads.

As of today, Roku claims to be the “leading connected TV platform,” reaching “more than half of all U.S. broadband households.” The company will continue to operate as an “open,partner-friendly platform,” and Roku Founder, Chairman and Chief Executive Officer Anthony Wood will keep working at the combined company. The exec will also be joining the Fox Board of Directors after the transaction closes in the first half of 2027.

“Over the past two decades, we’ve built Roku into the leading TV streaming platform, reaching more than 100 million households globally and reshaping how people discover and enjoy entertainment. 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,” Wood said today.