Fox Completes $22 Billion Acquisition of Roku
Fox has officially closed its acquisition of Roku in a deal valued at $22 billion. The merger grants Fox control over Roku's streaming platform, which currently reaches more than 100 million households across the United States. This strategic move is intended to integrate Fox Sports, news content, and local stations directly into the Roku ecosystem. Despite the change in ownership, Roku founder Anthony Wood stated that the platform will remain an open ecosystem for all content partners. Wood has joined the Fox board of directors following the close of the deal. The acquisition expands Fox's existing digital footprint, which already includes its own streaming service, Fox One, and the free ad-supported service Tubi.
Topics: Consumer Tech M&A Media Consolidation Streaming Services
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