Fox Completes $22 Billion Roku Acquisition, Reaching 100 Million Households
Fox closes its $22 billion Roku acquisition, gaining access to 100 million households and becoming the third-largest U.S. TV business by viewership nationwide.
Summary
Fox completed its $22 billion acquisition of Roku on Friday, November 6, 2026, bringing the streaming company founded in 2002 under Fox ownership. Fox says the combined company is now the third-largest U.S. television business by viewership. Roku founder Anthony Wood said Roku’s mission remains unchanged, while Fox provides greater reach, resources and capabilities.
Fox gains direct access to more than 100 million Roku households, which it expects to use for better advertising targeting, a stronger connected TV position and less dependence on traditional television distribution. The closing followed a Justice Department second request two months earlier seeking additional data and documents for its antitrust review, while indications earlier in November suggested U.S. approval was close. The acquisition closed far ahead of the first half of 2027 target set when the companies announced the transaction in June 2026.
Positives
- More than 100 million Roku households give Fox substantial direct reach across streaming and connected television.
- Third-largest U.S. television business by viewership is Fox’s new ranking for the combined company.
- $22 billion acquisition strengthens Fox’s advertising targeting and connected TV position.
- November 6, 2026 closing beats the original first half of 2027 completion target.
- Anthony Wood says Fox’s resources and capabilities will support Roku’s continued product development and innovation.
Risks & concerns
- Justice Department investigators requested additional data and documents two months before closing as part of their antitrust review.
- Third place by U.S. television viewership still leaves the combined Fox and Roku business behind two larger competitors.
- Fox’s plan to reduce reliance on traditional television distribution highlights its continuing exposure to that declining model.