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Fox completes $22 billion acquisition of Roku

Fox has closed its $22 billion acquisition of streaming platform Roku well ahead of an expected 2027 timeline, expanding its footprint across digital television and Hollywood's streaming market.

Fox Corp. has closed its acquisition of streaming platform Roku in a deal valued at $22 billion, according to Variety and The Washington Post. The transaction closed well ahead of its expected 2027 timeline, finalizing just months after Department of Justice investigators probed the takeover.[1][2][3][5]

The takeover gives Fox control of a smart TV and streaming ecosystem that reaches more than 100 million U.S. households, The Verge reported. The acquisition could transform Fox into a free streaming powerhouse while plunging the network deeper into Hollywood's ongoing streaming competition, according to Business Insider and The Washington Post.[3][4][6]

Under the terms of the corporate reorganization, Roku founder Anthony Wood will join the Fox board of directors. Wood will also co-chair a newly formed Fox business unit alongside Tubi, Fox One, and Roku.[1][2]

Key facts

  • Fox has completed its acquisition of Roku in a deal valued at $22 billion.
  • The acquisition closed well ahead of its expected 2027 completion date.
  • Roku's streaming platform reaches more than 100 million households in the United States.
  • Roku founder Anthony Wood has joined Fox's board of directors and will co-chair a unit that includes Tubi, Fox One, and Roku.
  • The deal closed a few months after investigators from the Department of Justice were probing the transaction.

Sources · 6 sources

  1. TE

    Techmeme@TechmemePost on X ·

    Fox closes its $22B Roku acquisition well ahead of the expected 2027 date; Anthony Wood joins Fox's board and co-chairs a new unit with Tubi, Fox One, and Roku (@xpangler / Variety) (Visit Techmeme dot com for the link and full context!)

    Open source
  2. TE

    TechmemeArticle ·

    Fox closes its $22B Roku acquisition well ahead of the expected 2027 date; Anthony Wood joins Fox's board and co-chairs a new unit with Tubi, Fox One, and Roku (Todd Spangler/Variety) Todd Spangler / Variety : Fox closes its $22B Roku acquisition well ahead of the expected 2027 date; Anthony Wood joins Fox's board and co-chairs a new unit with Tubi, Fox One, and Roku — Surprise! Fox Corp. has closed its acquisition of streaming platform Roku, a deal valued at $22 billion, well ahead of the expected 2027 date.

    Open source
  3. TW

    The Washington Post@washingtonpostPost on X ·

    Fox Corp. completed its $22 billion deal to take over Roku, one of the leading smart TV companies. The deal will plunge Fox deeper into the Hollywood streaming wars. https://t.co/B602sJu8wT

    Open source
  4. TV

    The Verge@vergePost on X ·

    Fox now has control of Roku’s streaming platform, which reaches more than 100 million US households. https://t.co/wIrrXTZiau

    Open source
  5. TE

    TechCrunch@TechCrunchPost on X ·

    A few months after DOJ investigators were probing the deal, Fox just completed its $22B acquisition of the streaming giant Roku. https://t.co/hdWMvMzzaA

    Open source
  6. BI

    Business Insider@BusinessInsiderPost on X ·

    Fox has bought Roku in a deal that could transform the TV giant into a free streaming powerhouse https://t.co/SThAvez8Fp

    Open source