In a significant move for the streaming industry, Fox is set to acquire Roku in a deal valued at $22 billion. This agreement positions Roku to remain an “open, partner-friendly platform” under Fox's ownership, which is renowned for its sports broadcasting and news operations.
The merger will combine Fox’s extensive content portfolio, including sports, news, and entertainment, with Roku’s popular connected TV platform, enhancing the reach of both entities across more than 100 million global streaming households. The transaction aims to create a formidable media and technology company, expected to rank as the third-largest player in U.S. television by viewing share.
Roku's CEO, Anthony Wood, expressed optimism about the partnership, highlighting the prospects for accelerated innovation and increased scale. Although specific changes to the Roku platform have not been detailed, the merger follows Roku's recent major homescreen redesign. The deal is anticipated to finalize in the first half of 2027.