Fox completes $22 billion acquisition of Roku
US media company Fox has closed its deal to take over streaming platform Roku for $22 billion. Fox says the combined business is now the third-largest television company in the US by viewership.
US media group Fox completed its $22 billion acquisition of streaming platform Roku on 6 November. Roku, founded in 2002, now formally belongs to Fox. The transaction is among the largest media deals in recent years and strengthens Fox's position in streaming and connected TV.
According to Fox, the combined company now ranks as the third-largest television business in the United States by viewership.
What Fox gains
Fox gets direct access to Roku's audience, which spans more than 100 million households. The company expects this to help it target advertising better, reinforce its standing in the fast-growing connected TV market, and depend less on traditional TV distribution.
Regulatory review and timing
The announcement comes two months after the US Justice Department issued a second request for information, asking both companies for additional data and documents as part of its antitrust review. Earlier this month, reports suggested the deal was nearing US regulatory approval.
The deal closed much sooner than expected. When it was first announced in June, the companies projected completion in the first half of 2027.
Comment from Roku's founder
Roku founder Anthony Wood said in a statement that the company was started to give people a better way to watch TV, and that this mission does not change. What changes, he said, is its reach and resources. He added that the teams will keep building and innovating, now with Fox's support.
