Fox completes $22 billion acquisition of Roku
Fox has completed its $22 billion acquisition of Roku, formally bringing the streaming and connected-TV company under its ownership. Fox said the transaction gives it access to Roku’s reach of more than 100 million households and makes the combined company the third-largest television business in the United States by viewership.
The deal closed earlier than the companies initially indicated. When Fox and Roku announced the transaction in June, they expected completion in the first half of 2027. Fox announced the completed acquisition on November 6, 2026.
Roku becomes part of Fox
Roku, founded in 2002, has built its business around giving viewers a way to watch television through its streaming platform and connected-TV ecosystem. Founder Anthony Wood said that mission would remain intact, while the company would gain Fox’s support and capabilities.
“We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today,” Wood said in a statement. “What does change is our reach and resources.”
The completed transaction follows Fox’s $22 billion Roku acquisition plan and places Roku’s platform within Fox’s broader television, media and sports operations. Fox characterises the combination as a means of expanding its position across streaming and connected television rather than relying as heavily on traditional television distribution.
Advertising and distribution are central to the deal
Fox expects Roku’s household reach to help improve advertising targeting and reinforce its standing in the connected-TV market. The acquisition gives Fox direct access to a large streaming audience as advertisers and media companies place increasing emphasis on connected-TV inventory and audience targeting.
Regulatory scrutiny remained part of the transaction timeline. The US Department of Justice issued a second request for information two months before the closing, asking both companies for additional data and documents as part of its antitrust review. Reports earlier in November suggested that the acquisition was approaching US regulatory approval.
What the closing means for media businesses
For broadcasters, advertisers and streaming partners, the key practical implication is that Roku’s audience reach, platform capabilities and advertising opportunities will now sit within Fox. Businesses that depend on connected-TV distribution or advertising should assess how Fox develops targeting, inventory and partnership arrangements following the integration.