Fox Corp has completed its $22bn acquisition of connected TV platform Roku.
The deal, which was first announced in June 2026, combines Roku’s streaming offer with Fox’s portfolio of news, sports, and entertainment businesses.
It gives the cable-reliant Fox access to more than 100 million households using Roku's platform.
Fox already owns FAST platform Tubi, meaning the Roku deal makes it a much bigger player in digital video advertising
Anthony Wood, Founder, Roku, will join the Fox board of directors. He will also serve as Co-Chair, Fox Digital Platforms, the newly formed division that includes Roku, Tubi, Fox One, and the creator-focused company Red Seat Ventures.
Paul Cheesbrough will become Co-Chair, CEO, Fox Digital Platforms. Previously, Cheesbrough was Chief Executive of Tubi. Before that, he was Chief Technology Officer and President of Digital for Fox Corporation. He is also a former Controller of Digital Media for the BBC. Cheesbrough started his career in IBM’s media division as a software engineer.
Fox Corp. reportedly expects to achieve approximately $400m of annualised cost synergies within two years after the Roku deal closes.
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."
Roku recently launched Roku Labs, which will give US viewers early access to experimental, in-development apps from the connected TV firm’s engineers. Discover more here.
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