Fox Finalises $22bn Purchase Of Roku

Fox Corporation has completed its $22bn acquisition of connected TV platform Roku, bringing together Roku's streaming platform with Fox's portfolio of news, sport and entertainment businesses.

First announced in June 2026, the deal gives the traditionally cable-reliant company access to more than 100 million households that use Roku's platform. Alongside Fox's ownership of FAST service Tubi, the move significantly strengthens its position in digital video advertising.

Anthony Wood, Founder, Roku, will join Fox's board of directors and serve as Co-Chair, Fox Digital Platforms, a new division that includes Roku, Tubi, Fox One and creator-focused Red Seat Ventures. Paul Cheesbrough becomes Co-Chair and CEO of Fox Digital Platforms; he previously served as Chief Executive of Tubi, was Chief Technology Officer and President of Digital at Fox Corporation, earlier held the role of Controller of Digital Media at the BBC, and began his career as a software engineer in IBM's media division.

Fox Corp. expects to realise approximately $400m in annualised cost synergies within two years of closing.

Lachlan K. Murdoch, Executive Chair, Chief Executive Officer, Fox Corporation, said: "The closing of this acquisition advances the long-term strategy of Fox. Beginning today, our top priority for the combined company is to continue to relentlessly serve audiences and partners, while reinforcing the openness and choice that is the essence of the Roku platform."

Separately, Roku recently introduced Roku Labs, giving US viewers early access to experimental, in-development apps from its engineers.

www.foxcorporation.com/