The finalized takeover brings the streaming pioneer formally under Fox’s control after initially being projected to close in the first half of 2027. Integrating the platform's footprint allows Fox to strengthen its competitive standing in the connected TV market and improve ad targeting. Founder Anthony Wood affirmed that the company's core mission will persist with expanded resources. The deal successfully concluded just two months after the U.S. Department of Justice issued a second request for regulatory documents.
Key points
Owning the streaming platform reduces Fox's structural reliance on traditional television…: Owning the streaming platform reduces Fox's structural reliance on traditional television distribution networks.
Combining assets enables Fox to significantly enhance its advertising targeting across th…: Combining assets enables Fox to significantly enhance its advertising targeting across the connected television sector.
The companies achieved clearance despite the Department of Justice issuing a second reque…: The companies achieved clearance despite the Department of Justice issuing a second request for antitrust information.
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Fox has completed its $22 billion acquisition of Roku, wrapping up one of the biggest media deals in recent years and giving the company a major boost in the streaming and connected TV space.
Announced Friday, the deal brings the streaming company founded in 2002 formally under Fox’s ownership. Fox says the combined company now ranks as the third-largest television business in the U.S. by viewership.
“We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today. What does change is our reach and resources,” Roku founder Anthony Wood said in a statement. “Our teams will keep building and innovating as they always have, now with the support and capabilities of Fox behind us.”
For Fox, the move provides direct access to Roku’s reach of more than 100 million households. The company expects that audience to help it improve advertising targeting, strengthen its position in the fast-growing connected TV market, and reduce its reliance on traditional TV distribution.
Today’s announcement comes two months after the Justice Department issued…
Investor enthusiasm climbed sharply after the company confirmed an agreement to team up with Fluor. The corporate alliance directly triggered substantial upward movement in trading activity as the market responded to the news.
Building on his previous triumph in classical chess at last year's World Junior Championship, Pranav Venkatesh dominated the field in the United Arab Emirates to secure another global junior crown. The achievement cements his standing on the international circuit following a dual-medal run across speed chess formats. His performance also anchored a strong showing by Indian competitors across both the Open and Girls divisions.
Deliberations are currently underway as the enterprise networking equipment provider considers strategic alternatives regarding its ownership. People familiar with the situation have indicated that the company is examining a transaction that could result in its acquisition. These early-stage discussions highlight potential corporate dealmaking activity within the broader technology infrastructure sector.