Fox Closes $22B Roku Acquisition, Expanding Its Streaming and Connected TV Reach

Fox has completed its $22 billion acquisition of Roku, closing one of the biggest media deals in recent years. The move formally brings Roku, founded in 2002, under Fox’s ownership and gives Fox a larger position in streaming and connected TV.

Fox says the combined company now ranks as the third-largest television business in the U.S. by viewership.

For Fox, Roku provides direct access to more than 100 million households. The company expects that audience to support better ad targeting, strengthen its connected TV position, and reduce reliance on traditional TV distribution.

The acquisition puts streaming reach, platform data, and TV distribution strategy at the center of Fox’s next phase.

Roku founder Anthony Wood said the company’s core mission remains intact after the acquisition. “We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today. What does change is our reach and resources,” Wood said in a statement.

He added that Roku’s teams will continue building and innovating with Fox’s support and capabilities behind them.

The closing follows a Justice Department second request for information issued two months earlier, when investigators asked both companies for additional data and documents as part of an antitrust review. Reports earlier this month suggested the deal was nearing U.S. regulatory approval.

The acquisition also closed earlier than expected: when first announced in June, the companies projected completion in the first half of 2027.