Fox Closes $22 Billion Roku Deal Ahead of Schedule
The acquisition gives Fox access to Roku’s audience of more than 100 million households, months before the companies had expected to close.
Key takeaways
- Fox completed its $22 billion acquisition of Roku.
- Fox says the combined company ranks third among U.S. television businesses by viewership.
Fox has completed its $22 billion acquisition of Roku, bringing the streaming company under Fox ownership months ahead of the companies’ expected schedule.
Fox says the combined company is now the third-largest television business in the U.S. by viewership. The deal gives Fox access to Roku’s reach of more than 100 million households, which Fox expects to help with ad targeting and its position in connected TV.
The companies had projected in June that the deal would close in the first half of 2027. The Justice Department issued a second request for information two months before the completion, seeking additional data and documents for its antitrust review.
As of 16:34 UTC Friday, Fox shares traded at $67.67, down 0.01% since the previous close. Roku shares were at $161.69, up 0.82%.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
