Fox Completes $22 Billion Acquisition of Roku Inc.
Fox (FOXA) has officially finalized its acquisition of Roku Inc. (ROKU) in a deal valued at approximately $22 billion. As part of the transaction, Roku founder Anthony Wood will join the Fox board of directors and assume the role of Co-Chair for the newly established FOX Digital Platforms division. The new digital division will consolidate several key assets, including Roku, Tubi, FOX One, and Red Seat Ventures. This strategic move signals Fox's intensified focus on expanding its streaming footprint and integrating diverse digital platforms to compete in the evolving media landscape.
Topics: Corporate Governance Digital Media M&A