Fox completes its $22B acquisition of Roku

Summary

• Fox completed its $22 billion acquisition of Roku on November 6, 2026.
• The deal formally places the streaming company, founded in 2002, under Fox's ownership.
• The combined entity ranks as the third-largest television business in the U.S. by viewership.
• Roku founder Anthony Wood stated the company's mission remains unchanged while gaining access to Fox's resources.
• Fox gains direct access to Roku's reach of more than 100 million households.
• The acquisition aims to improve advertising targeting, strengthen the position in the connected TV market, & reduce reliance on traditional TV distribution.
• The Justice Department issued a second request for information regarding the deal two months prior to the announcement.
• The transaction closed earlier than the initial projection of completion in the first half of 2027.