FOX (FOXA.US) completes $22 billion acquisition of Roku (ROKU.US), creating a streaming giant covering more than 100 million households.

According to information from Zhihu Finance APP, Fox Corporation (FOXA.US) announced on Friday that it has completed the $22 billion acquisition of the streaming platform Roku (ROKU.US). This acquisition will combine Fox's live sports broadcasting, news, and local TV programming with Roku's smart TV platform, further expanding Fox's footprint in the streaming market and creating a television and streaming giant reaching over 100 million households.

Fox stated that by integrating the two businesses, the new company will be able to reach over 100 million households, combining traditional television content with an internet TV distribution platform to provide viewers and advertising partners with a richer array of services.

This transaction also signifies that Fox is further strengthening its presence in the Connected TV market. Roku owns a mature smart TV operating system and streaming content distribution platform, while Fox boasts extensive content resources in sports events, news, and local TV programming. The integration of the two businesses is expected to enhance Fox's ability to coordinate between the traditional TV and streaming markets.

Fox CEO Lachlan Murdoch stated in a press release: "Starting today, the number one priority of the merged company is to continue to serve our viewers and partners with full dedication, while upholding Roku's core principle of openness and choice."

According to management arrangements following the closing of the deal, Roku founder Anthony Wood will join the Fox board of directors and serve as co-chairman of the newly established Fox Digital Platforms division.

This new department will integrate multiple digital businesses under Fox, including Roku, the free ad-supported streaming platform Tubi, streaming service Fox One, and content production company Red Seat Ventures. Among these, Tubi primarily provides free, ad-supported streaming content; Fox One is Fox's own streaming service, and Red Seat Ventures specializes in the production of podcasts and other digital content.

By bringing these businesses together under Fox Digital Platforms, the company will further integrate content production, streaming distribution, and digital platform resources, promoting the coordinated development of traditional television and emerging digital businesses.

This acquisition is also an important step in Fox's ongoing expansion of its digital media operations in recent years. In 2025, Fox launched the Fox One streaming service and acquired Red Seat Ventures, further expanding its digital content and streaming business. Now, with Roku formally joining, Fox's position in the connected TV platform and streaming content distribution sector is further strengthened.

As traditional pay TV users continue to shift toward internet streaming services, media companies with both content resources and distribution platforms are seeking to enhance their competitiveness through business integration.

For Fox, the acquisition of Roku not only expands its reach among household users, but also enables the company to combine its traditional strengths in sports, news, and local programming with the connected TV platform, further expanding its digital advertising and streaming business landscape.

With the $22 billion deal now completed, Fox's future focus will shift to integrating its digital platforms and exploring how to leverage Roku’s user reach to drive content distribution and commercial growth.