Fox Confirms $22 Billion Acquisition of Streaming Company Roku

Fox has confirmed its acquisition of streaming company Roku in a stock and cash deal worth approximately $22 billion. This move marks one of the largest media acquisitions in recent years, emphasizing the evolving landscape of the TV industry. The merged entity will position itself as the third-largest television business in the US by viewership, integrating Fox’s news and sports channels, along with its ad-supported streaming service Tubi, with Roku’s connected TV platform. By combining forces, the company aims to establish a strong presence across both traditional TV and streaming, recognizing the significance of catering to audiences across live broadcasts and on-demand platforms. 

The acquisition provides Fox with direct access to Roku’s 100 million households, enabling more effective ad targeting and reduced reliance on conventional delivery methods. Furthermore, the purchase enhances Fox's position in the rapidly growing connected TV market, also known as “CTV.” CEO Lachlan Murdoch described the acquisition as a pivotal moment for the company, anticipating a significant transformation and growth. 

This strategic move aligns with a broader trend of consolidation in the media industry, as traditional broadcasters strive to expand their presence in streaming. The deal, which has received approval from both companies' boards of directors, is set to be finalized in the first half of 2027, with Fox securing a $12 billion loan for the acquisition.

Read mor eabout the acquisition here.