● Covered by 2 sources · 2 reportsMedium impact2 neutral
Fox Completes $22 Billion Acquisition of Roku, Forms New Digital Platforms Division
Key points
- Fox completed its $22 billion acquisition of Roku.
- The combined company is now the third-largest U.S. TV business by viewership.
- Fox gains direct access to Roku's reach of over 100 million households.
- Roku founder Anthony Wood joins Fox's board and co-leads Fox Digital Platforms.
- The new division will oversee Roku, Tubi, and other Fox digital brands.
Acquisition Finalized
Fox has completed its $22 billion acquisition of Roku, a deal initially announced in June. This transaction brings the streaming company, founded in 2002, under Fox's ownership. The Justice Department cleared the merger after a review, which included a second request for information from both companies.
Market Position and Reach
With the acquisition, Fox states that the combined company now ranks as the third-largest television business in the U.S. by viewership. This move provides Fox with direct access to Roku’s reach of over 100 million households globally, which includes access to streaming platforms like Netflix, YouTube TV, and Disney+.
Fox expects this expanded audience to help improve advertising targeting and strengthen its position in the connected TV market, reducing reliance on traditional TV distribution.
Leadership and New Division
Roku founder Anthony Wood will join Fox's board of directors. He will also co-lead a newly formed division called Fox Digital Platforms. This new entity will oversee Roku, along with Fox's other digital brands, including Tubi and Fox One.
Strategic Implications
The acquisition is one of the largest media deals in recent years, significantly boosting Fox's presence in the streaming and connected TV space. Roku's business includes selling ads and subscription bundles, in addition to operating its own streaming service, Tubi, which Fox had previously acquired. Fox had sold its Roku shares in 2020 to help fund its Tubi acquisition.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
How outlets covered it
Fox Corporation has finalized its $22 billion acquisition of Roku, a deal announced in June and cleared by the Justice Department. Roku founder Anthony Wood will join Fox's board and co-lead the new Fox Digital Platforms division, which will oversee Roku, Tubi, and other digital brands.
Fox completed its $22 billion acquisition of Roku, bringing the streaming company under Fox's ownership. This acquisition positions the combined entity as the third-largest television business in the U.S. by viewership, giving Fox direct access to Roku's 100 million household reach and strengthening its connected TV market position.