Business
Fox completes $22 billion Roku acquisition, bringing streaming platform under its control
Fox Corp. has closed its $22 billion acquisition of Roku, giving it control of a platform present in more than 100 million households. The deal was announced in June and completed on 6 November 2026.
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In brief
Fox Corp. completed its $22 billion acquisition of Roku on 6 November 2026, paying with cash and stock after announcing the deal in June.
Roku reaches more than 100 million households, and Fox says the combined company now ranks as the third-largest US television business by viewership.
Anthony Wood will join Fox's board and co-lead Fox Digital Platforms, which oversees Roku, Tubi, Fox One and other digital brands.
The Justice Department issued a second request for information in early September 2026 and cleared the deal following its review.
- June 2026Fox announces the $22 billion deal to acquire Roku
- 6 NovFox completes the acquisition, paid in cash and stock
A $22 billion deal closes after five months
Fox Corp. completed its $22 billion acquisition of Roku on 6 November 2026, bringing the streaming platform under its ownership. The deal was announced in June and was paid for with a combination of cash and stock. Roku shares were already halted on the Nasdaq when the transaction took effect. When the deal was announced, the companies had projected it would close in the first half of 2027.
What Fox gets
Roku reaches more than 100 million households and works as a gateway to services such as Netflix, YouTube TV and Disney+. It also sells advertising and subscription bundles. Fox already owned Tubi and will now also own the Roku Channel, two leaders in free, ad-supported streaming. Fox expects its larger audience to improve advertising targeting, strengthen its position in connected TV and reduce its reliance on traditional TV distribution. Fox says the combined company now ranks as the third-largest television business in the United States by viewership. The deal also deepens Fox's presence in the streaming wars, years after it sold its own film and television studio, then known as 21st Century Fox, to Disney for $71 billion in 2019.
Leadership and platform commitments
In a news release, Lachlan Murdoch, executive chair and CEO of Fox Corp., said the top priority was to keep serving audiences and partners while preserving the openness and choice of the Roku platform. Anthony Wood, Roku's founder, will join Fox's board and co-lead Fox Digital Platforms, a new division overseeing Roku, Tubi, Fox One and other digital brands. In a statement, Wood said the company's mission had not changed even as its reach and resources grew.
“We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn't change today.”
Wood also said Fox has a deep respect for Roku's culture and shares the company's commitment to openness.
“Fox has a deep respect for Roku's culture and wholly shares our commitment to staying open to every content partner.”
Fox says Roku will remain an open platform for every content partner.
Regulatory review
The US Justice Department issued a second request for information in early September 2026, asking both companies for more data and documents as part of its antitrust review. Earlier in November, reports suggested the deal was nearing US regulatory approval. The Trump Justice Department cleared the transaction following that review. Engadget described the five-month turnaround as unusually short for a merger of this size. The closing therefore arrived well ahead of the June projection.
Viewership backdrop
Viewership figures for October, as reported, put Fox News down 27 percent year over year. Over the same period, CNN's viewership rose 3 percent and MS NOW (formerly MSNBC) rose 16 percent. Fox News still drew more viewers than CNN and MS NOW combined. The closing gives Fox a digital audience base as the viewership of its news channel fell.
- Fox News
- -27 %
- CNN
- 3 %
- MS NOW
- 16 %
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Sources and context
- Ziare.comA $22 billion transaction changes the television industry. A giant buys the platform used in over 100 million homesO tranzacție de 22 de miliarde de dolari schimbă industria televiziunii. Un gigant cumpără platforma folosită în peste 100 de milioane de locuințe · original in Romanian
- engadgetFox wraps up its $22 billion Roku deal
- TechCrunchFox completes its $22B acquisition of Roku
- Washington PostFox closes $22B deal to buy Roku, a transaction that will remake streaming
- Lachlan Murdoch
- Executive chair and CEO of Fox Corp.
- Anthony Wood
- Founder of Roku, joining Fox's board and co-leading Fox Digital Platforms
- Places
- United States
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