Fox to Buy Roku for $22B in Major Streaming Deal
1–2 minutes
This article may include affiliate links that earn us a small commission at no extra cost to you.
Fox plans to acquire Roku for $22 billion.
Fox has confirmed plans to acquire streaming company Roku in a deal worth about $22 billion, including Roku’s existing debt. The move comes six years after Fox purchased Tubi in 2020, expanding its presence in digital streaming.
This acquisition will make Fox the third-largest television company in the United States, measured by total viewing share. The combined platform will integrate Fox’s sports, news, and entertainment programming with Tubi’s ad-supported streaming service and Roku’s streaming hardware and platform.
Fox Chief Executive Lachlan Murdoch said the merger unites “the most valuable live content portfolio in video consumption with the preeminent streaming platform.”
The deal is expected to close in the first half of next year, pending approval from Fox and Roku shareholders as well as regulatory clearance. After completion, Fox shareholders will hold roughly 73% of the new entity, while Roku shareholders will retain 27%.
Roku, which began as a spinoff from Netflix, now reaches about 100 million viewers. With this acquisition, Fox strengthens its position in the streaming market and broadens its reach across connected TV audiences.
Do you think this move will reshape the competition in streaming TV?
