Fox Completes $22 Billion Acquisition of Roku to Expand Its Global Streaming Business

2026, November 6

United States / International

American media company Fox Corporation has completed its $22 billion acquisition of streaming platform Roku, marking one of the year's largest entertainment industry transactions. The cash-and-stock acquisition gives Fox access to more than 100 million households using Roku's streaming platform, significantly expanding its digital distribution capabilities beyond traditional television broadcasting.

The acquisition is intended to strengthen Fox's advertising business by allowing more precise targeting of viewers while expanding the online audience for its sports and news programming. The deal also reflects the continuing transformation of the entertainment industry, as traditional broadcasters increasingly acquire digital platforms to compete with streaming giants such as Netflix, Disney and Amazon. Fox hopes that combining its content and broadcasting operations with Roku's technology and household reach will strengthen its position in the increasingly competitive global streaming market.