Fox Corporation completes $22 billion Roku acquisition
Fox Corporation has finalized its purchase of streaming platform Roku in a deal valued at $22 billion, or $160 per share. The agreement, first reported in June, is anticipated to wrap up sometime during the earlier portion of 2027. According to Nielsen data cited in the announcement, the combined entity would rank as the fourth-largest video distributor in the United States, capturing 8.5% of the market — behind YouTube, a merged Paramount-WBD, and Disney, but ahead of Netflix and NBC/Versant. The move marks a significant expansion for Fox, which had largely maintained its linear television focus before acquiring the free ad-supported service Tubi in 2020 and launching its Fox One streaming platform in August 2025.
This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade.
Why it matters
For service providers: Platforms and rights holders evaluating streaming distribution deals will need to account for a newly consolidated and more powerful Fox footprint in the connected-TV space.
For brands: Advertisers and sports sponsors with Fox partnerships may gain access to a significantly larger streaming audience through Roku's platform.
For media: The Fox-Roku combination would reshape the streaming distribution landscape, making Fox the fourth-largest video distributor in the country and a more direct competitor to dominant platforms like YouTube and Disney.
Read the full story at Awful Announcing
Sources
- Awful Announcing · Matt Yoder: Fox finalizes Roku acquisition in $22 billion deal