Fox’s $22B Roku acquisition aims to expand its reach into smart TVs, advertising
Summary
Fox has agreed to acquire Roku for about $22 billion to combine Fox’s broadcasting and streaming assets with Roku’s OS, hardware, and The Roku Channel. The deal would create a larger connected-TV platform with enhanced ad sales and targeting capabilities, potentially making Fox the third-largest US TV player by share of viewing. Regulatory and shareholder approvals are required, with closing expected in the first half of 2027.