Fox has completed its $22 billion purchase of Roku. The deal was announced on Friday. It closed far earlier than planned. Fox first announced it in June and expected to finish in early 2027. The combined company is now the third-largest TV business in the US by viewers. Fox gets access to more than 100 million households. Roku founder Anthony Wood said the mission stays the same.
His teams will keep building, now with Fox behind them.
π The Backstory
Roku started in 2002 and made streaming players and smart TV software. Fox wants Roku's audience to sell better-targeted ads. The deal also cuts Fox's reliance on cable and satellite. The Justice Department asked both firms for more documents two months ago. Reports earlier this month said approval was close. Big media mergers often take a year or more, so this one moved fast.
π― Why It Matters
One company now owns the software on many TVs and the shows people watch. That can change which apps get promoted and what ads you see.
Fox has completed its $22 billion purchase of Roku. The deal was announced on Friday. It closed far earlier than planned. Fox first announced it in June and expected to finish in early 2027. The combined company is now the third-largest TV business in the US by viewers. Fox gets access to more than 100 million households. Roku founder Anthony Wood said the mission stays the same.
His teams will keep building, now with Fox behind them.
Roku started in 2002 and made streaming players and smart TV software. Fox wants Roku's audience to sell better-targeted ads. The deal also cuts Fox's reliance on cable and satellite. The Justice Department asked both firms for more documents two months ago. Reports earlier this month said approval was close. Big media mergers often take a year or more, so this one moved fast.
One company now owns the software on many TVs and the shows people watch. That can change which apps get promoted and what ads you see.