Fox closes $22 billion acquisition of Roku
Fox announced Friday it has completed its $22 billion purchase of Roku, a deal first unveiled in June. The acquisition gives Fox control of a streaming platform used in more than 100 million US households, alongside its existing Fox One and Tubi services. Roku founder Anthony Wood, who joins Fox's board, said the platform will remain open to all content partners.
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The deal hands Fox direct distribution for its sports, news and local programming through one of the largest streaming hardware and platform ecosystems in the US, potentially boosting viewership as Fox CEO Lachlan Murdoch suggested. It also raises questions about whether a major content owner controlling a widely-used neutral platform could eventually shape what viewers see first, even as both companies insist openness will continue.
- Fox completed its $22 billion acquisition of Roku, announced Friday.
- Roku reaches over 100 million US households, giving Fox a large new distribution channel.
- Roku founder Anthony Wood joins Fox's board and says the platform will stay open to all content partners.
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Published there as: “Fox bought Roku”
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