Fox is buying Roku
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- Fox is acquiring Roku in a deal valuing the streaming company at $22 billion, combining Fox's TV networks and Tubi with Roku's devices, smart TV software, and The Roku Channel
- The merged company will become the third-largest player in US television by viewing share, the companies said
- Anthony Wood will stay on as Roku's CEO and join Fox's board of directors, calling the combination "an extraordinary opportunity to accelerate our vision"
- The companies are "committed" to keeping Roku an open-platform that works with other content providers and to the "continued ubiquitous distribution" of Fox's own content
- Roku reaches more than 100 million households globally, reshaping how viewers discover and enjoy entertainment, per Wood
- The deal is subject to regulatory approval, which is "unlikely to pose a problem in the US" in the current climate
Why it matters: Fox gains a streaming gateway into 100M+ households and a smart-TV software footprint, leapfrogging into the third-largest US TV player by viewing share. The standout commitment — that Roku stays an open platform despite new Fox ownership — means Netflix, YouTube, and every other content partner keeps access to those 100 million households, which was the central anxiety around the deal.
