Fox Completes $22 Billion Roku Acquisition, Pledges to Keep Platform Open
Smartor 편집팀
November 7, 2026
Featured image: AI-generated explanatory image. A concept of combining streaming businesses, not a photograph of the transaction or a specific product.
U.S. media company Fox Corporation announced in New York on November 6 that it had completed its acquisition of streaming platform Roku. Variety reported that the deal was valued at $22 billion and closed ahead of the previously expected 2027 date.
Fox said Roku would continue to operate as an open platform serving more than 100 million households worldwide. The company described the combination as bringing its sports, news and local programming together with Roku’s connected-TV distribution network while preserving an ecosystem that serves multiple content providers.
Roku founder Anthony Wood will join Fox’s board and become co-chair of the newly created Fox Digital Platforms division. The division includes Roku, Tubi, Fox One, Red Seat Ventures and other digital businesses. Paul Cheesbrough will serve as its co-chair and chief executive.
Under the merger agreement, holders of Roku Class A and Class B shares are entitled to $95.30 in cash and 0.9799 shares of Fox Class A stock for each Roku share held immediately before closing. Fox said its existing shareholders own approximately 74% of outstanding Fox shares following the transaction, with former Roku shareholders owning about 26%. Roku shares will cease trading on Nasdaq as of November 6.
Fox expects approximately $400 million in annualized cost synergies within two years of closing. It also expects the acquisition to increase free cash flow per share by the second full year after closing. Those figures are company projections, not savings already realized or completed financial results.
Fox Executive Chair and CEO Lachlan Murdoch said the combined company’s priority was to serve viewers and partners while reinforcing the openness and choice of the Roku platform. Wood said Fox shared Roku’s commitment to remaining open to all content partners.
Fox announced the acquisition agreement in June, and shareholders of both companies approved it on October 14, according to Variety. With the transaction complete, Roku joins Fox’s existing streaming businesses in the same digital division.