Fox Corp. announced on Friday that it has completed its acquisition of Roku, strengthening its streaming footprint which already encompasses Tubi and FOX One.
The announcement highlighted that merging FOX’s live sports, news, and local programming with Roku’s open‑connected TV platform, reaching more than 100 million households, will generate new opportunities to serve viewers, advertisers, and partners.
FOX expects to deliver roughly $400 million in run‑rate cost synergies within two years of closing, alongside upside revenue potential, and to boost free cash flow per share by the second full year post‑closing.
FOX CORPORATION ANNOUNCES $22B ACQUISITION OF ROKU IN LANDMARK STREAMING AND LIVE TV DEAL
Acquiring Roku will create new opportunities for the company to serve viewers, advertisers, and partners.(Tiffany Hagler-Geard/Bloomberg via Getty Images)
Lachlan Murdoch, executive chair and CEO of Fox Corp., stated that closing this acquisition advances FOX’s long‑term strategy. Going forward, the combined company’s priority will be to continually serve audiences and partners while upholding the openness and choice that define the Roku platform.
We share an entrepreneurial passion and confidence in the future, and together with our new Roku colleagues we are optimistic about the opportunities that lie ahead.
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Fox Corp. announced the deal to acquire Roku for $22 billion in June 2026, with the transaction now finalized in November.
Roku founder Anthony Wood will join the FOX board of directors and also serve as co‑chair of the newly created FOX Digital Platforms division, which now brings together Roku, Tubi, FOX One, Red Seat Ventures, and other digital products and services.
We established Roku over two decades ago to provide a better way for people to watch TV, and that mission remains unchanged.
“What does change is our expanded reach and resources. FOX has a deep respect for Roku’s culture and is fully committed to staying open to every content partner.”
“Our teams will continue to innovate and build on their legacy, now empowered by FOX’s resources. I am proud of the work Roku’s employees have accomplished and look forward to the exciting future ahead.”
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