The Fox Roku acquisition closed Nov. 6, 2026, completing a $22 billion deal that substantially expands Fox Corporation’s streaming and connected TV operations. The transaction gives Fox access to Roku’s platform, which serves more than 100 million households worldwide.
In its official announcement, Fox said the combined company now ranks among the largest television businesses in the United States by viewership. The acquisition brings Roku alongside Fox’s existing streaming services, including Tubi and Fox One.
Fox Expands Streaming and Advertising Reach
Roku’s connected TV platform gives Fox access to a larger audience and new digital advertising opportunities. Fox says Roku will remain an open platform, allowing viewers to access competing streaming services.
Roku founder Anthony Wood will join Fox’s board and co-chair the newly created Fox Digital Platforms division alongside Paul Cheesbrough, who will serve as its CEO. The division includes Roku, Tubi, Fox One and other digital businesses.
Acquisition Closes After Antitrust Review
The deal faced additional scrutiny after the Justice Department requested more information from both companies in September. TechAmerica previously covered the Fox-Roku antitrust review, including concerns about competition in streaming distribution.
A Semafor report on Nov. 2 indicated that regulatory clearance was approaching. The transaction closed ahead of the original first-half 2027 schedule.
Fox expects approximately $400 million in annualized cost savings within two years. Roku shareholders will receive cash and Fox stock under the agreement, while Roku shares will cease trading on Nasdaq following the acquisition.
