Fox Corporation completed its $22 billion acquisition of Roku on Nov. 6, 2026, months ahead of the companies’ original target of the first half of 2027, Stephen Battaglio reported in the Los Angeles Times. The valuation includes debt.
Roku founder Anthony Wood will join Fox’s board and serve as co-chair of Fox Digital Platforms. Paul Cheesbrough, who oversaw Tubi for Fox, will become the new division’s co-chair and CEO. Alongside Roku, the division includes Tubi, the direct-to-consumer streaming service Fox One and Red Seat Ventures, Battaglio reported.
Roku and Tubi under one owner
Fox already owned the free, ad-supported streaming service Tubi. The Roku purchase adds control of The Roku Channel and expands Fox’s advertising business, James Faris reported in Business Insider.
Before the closing, Roku put its platform’s reach at more than 100 million households, most of them in the U.S., Dade Hayes reported in Deadline. That figure describes households reached by the platform, not individual viewers.
Fox has pledged to keep Roku open to distributing competitors’ content, the Los Angeles Times reported. In a statement reproduced by Deadline, Wood also affirmed a commitment to keeping the platform open to every content partner.
