Fox Closes $22 Billion Roku Acquisition
Fox has completed its purchase of Roku, gaining control of a streaming platform that reaches more than 100 million US households.
Fox has completed its $22 billion acquisition of Roku, according to TechCrunch and The Verge. The purchase gives Fox control of Roku’s streaming platform, which The Verge says reaches more than 100 million households in the United States. The companies announced the closing on Friday, The Verge reported.
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From announcement to closing
The deal was first announced in June, according to The Verge. TechCrunch reported that US Department of Justice investigators were probing the acquisition a few months before it closed. Neither report describes the outcome of that probe, so the closing does not, on its own, establish what investigators concluded.
Roku now sits alongside Fox’s existing streaming services. Fox operates Fox One and the free service Tubi, The Verge reported. The acquisition also puts Fox in charge of a platform used to access streaming content across a large number of US households.
What Fox plans to bring to Roku
According to The Verge, the deal will allow Fox to bring its sports programming, news content and local stations to Roku. When the acquisition was announced, Fox CEO Lachlan Murdoch said he expected Roku’s technology and platform, together with programming on The Roku Channel and Fox’s own content, to help expand Fox’s US viewership.
That is an expectation Murdoch expressed at the time, not a reported result of the completed deal. The reports do not specify when additional Fox content might appear on Roku or how prominently it would be presented. The Verge noted that the acquisition could change what Roku showcases on its platform, but said it does not appear set to change the platform’s open approach to other content providers.
Roku’s position under Fox
Roku founder Anthony Wood said the company’s aim of giving people a better way to watch television remains in place, while its reach and resources will change under Fox, according to The Verge. Wood also said Fox shares Roku’s commitment to remaining open to every content partner. He now serves on Fox’s board of directors.
For now, the clearest change reported is ownership: Fox has completed the purchase and controls Roku’s platform. The companies’ stated plans point to more opportunities for Fox programming on Roku, while Wood’s comments signal an intention to keep other content partners on the platform. The reports do not establish how the acquisition will affect Roku’s interface or viewers’ choices in practice.
Sources
This story was compiled by AI from the reports below. Read the originals for the full details.