Fox Finalizes $22 Billion Acquisition of Streaming Platform Roku

Image: TechCrunch · Source

Fox has officially completed its $22 billion purchase of Roku, enhancing its position in the U.S. television market and connected TV advertising.

Fox has finalized its acquisition of the streaming platform Roku, concluding a significant $22 billion deal that was originally announced in June. This acquisition positions Fox as the third-largest television business in the United States by viewership, according to statements from Fox. Roku, founded in 2002, operates a platform that reaches over 100 million households, providing Fox with extensive access to the connected TV market.

Roku’s founder, Anthony Wood, emphasized the continuity of their mission despite the ownership change, expressing optimism about the new opportunities afforded by Fox's resources. Fox aims to leverage Roku’s user base to enhance advertising targeting capabilities and reduce dependency on traditional TV distribution methods.

Prior to completion, the deal underwent an antitrust review by the U.S. Department of Justice, including a second request for additional information. Despite some initial delays, the acquisition was finalized much earlier than the initially projected first half of 2027 timeline. The strategic move reflects Fox’s investment in the rapidly growing streaming and connected TV sector, aligning with industry trends toward digital consumption.