Fox to acquire Roku in $22 billion transaction

Fox has reached an agreement to purchase Roku in a transaction that values the streaming platform operator at $22 billion.

Fox and Roku will combine TV networks with streaming platforms. The move unites Fox’s television networks and Tubi service alongside Roku’s lineup of streaming devices, smart TV operating system, and The Roku Channel. According to the companies, the resulting business will rank as the third-largest entity in the US television sector when measured by viewing share.

The merged company commits to an open platform. Both parties stated they remain “committed” to preserving Roku as an open platform compatible with rival content providers while ensuring the “continued ubiquitous distribution” of Fox’s programming instead of creating a closed environment.

Leadership statements highlight strategic alignment. Fox CEO Lachlan Murdoch described the acquisition as “a defining moment for Fox, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade.” He added that the deal pairs “the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it.”

Roku founder and CEO Anthony Wood, who will remain in his role and take a seat on Fox’s board, said the combination offers “an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers.”

Regulatory approval remains the final hurdle. The transaction still requires clearance from regulators, though the firms suggested that such approval appears unlikely to face significant obstacles in the present environment.

The agreement, announced on June 15, 2026, represents one of the largest consolidations between traditional broadcasting and streaming technology in recent years.