Fox Closes Roku Deal, Creating New Streaming Power Player

Fox has completed its $22 billion acquisition of Roku, combining the media company with one of the largest streaming platforms and creating a bigger player in the streaming market. The deal gives Fox a broad route to reach viewers and sell advertising across both free and paid streaming services.

Roku founder Anthony Wood will join Fox’s board and co-chair its Fox Digital Platforms division, which includes Roku, Tubi, Fox One and Red Seat Ventures. Roku’s services reach more than 100 million households worldwide, and the acquisition closed in under five months after a US Department of Justice review.