Roku is being bought out by Fox for $22 billion
9to5 Google 2026-06-15 13:25:00
Context: The acquisition of Roku by Fox is set to take place, with the deal valued at $22 billion. This transaction involves a major media company and a leading connected TV platform. The deal is expected to close in the first half of 2027.
Key Facts
- Fox has announced its intention to buy Roku in a deal valued at $22 billion, combining FOX's leading sports, news, and entertainment content with Roku's leading connected TV platform.
- The transaction will create a scaled next-generation media and technology company, positioned at the intersection of live sports and news, and the continued rise of streaming, with Roku becoming an "open, partner-friendly platform" owned by Fox.
- Roku CEO Anthony Wood stated that "the combination with FOX is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers."
- On a pro forma basis, the combined company will become the third-largest player in U.S. television by share of viewing, with an attractive mix of FOX's sports, news, and entertainment content, alongside streaming services Tubi and The Roku Channel.
- The deal is expected to close in the first half of 2027.