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Fox wraps up its $22 billion Roku deal
Days after American voters soundly rejected the narratives sold by the Fox Corporation's "news" division, the company has expanded its digital empire. It's now officially the owner of Roku, in a $22 billion deal announced in June .
AI Summary
Fox Corporation has finalized its acquisition of Roku in a $22 billion transaction first announced in June. The deal closed within five months, a rapid timeline for a merger of this scale, after the Trump‑appointed Justice Department approved it following its review. Roku serves more than 100 million households worldwide, providing access to services such as Netflix, YouTube TV and Disney+, and generates revenue through advertising and subscription bundles while also owning the streaming platform Tubi. Fox previously divested its Roku stake in 2020 to finance its purchase of Tubi.
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