Fox completes $22 billion acquisition of Roku
Fox Corp finalised a $22 billion cash‑and‑stock purchase of Roku on 6 Nov 2026, creating the third‑largest U.S. television business by viewership. The deal, first announced in June, adds Roku’s platform that reaches over 100 million households to Fox’s streaming assets, including Fox One and Tubi. Fox CEO Lachlan Murdoch said the combination will expand the company’s digital audience and improve ad targeting, while Roku founder Anthony Wood will join Fox’s board and co‑lead its digital platforms.
Key facts
- The acquisition was first announced in June 2026 with an expected completion in early 2027.
- The Justice Department issued a second request for information two months before the deal closed.
- Fox aims to use Roku to improve advertising targeting and grow its digital audience.
- Fox also operates the Fox One streaming service and the free streamer Tubi.
- Fox News viewership fell 27 percent year‑over‑year in October 2026, while CNN and MSNBC saw modest gains.
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Why it matters
The merger reshapes the U.S. streaming market and could boost Fox’s advertising revenue.
What changed
First published from CNA, The Verge, TechCrunch and Engadget