- Fox acquires Roku for $22 billion
- The deal will combine the Fox networks with the Roku TV platform
- The deal will close in 2027, but Roku users are already looking for alternative streaming devices
Fox Corp has announced a new deal that will see the television giant acquire streaming company Roku for a staggering $22 billion, a deal that will undoubtedly revolutionize the entertainment sphere.
The companies announced the deal today (June 15, 2026) and will mark the next step in Fox’s plan to become more competitive in the streaming world, CNBC reports. The deal will combine Fox’s extensive news, sports and entertainment networks with the Roku TV platform, The Roku Channel and first-party data to reach the 100 million households using Roku.
Additionally, this will also combine one of the best free streaming services, Tubi, which Fox acquired for $440 million in 2020.
Under the deal, Fox will acquire Roku for $160 per share in a cash-and-stock transaction, and the company says it has already taken out $12 billion in loans to finance it. The agreement has already been approved by the boards of directors of both companies and is expected to close in the first half of 2027, pending regulatory approvals.
During a call with analysts, Fox CEO Lachlan Murdoch described the deal as a “watershed moment” for Fox and “a natural extension of the deliberate, focused strategy we’ve been executing for nearly a decade.”
He added: “Today we take the next step: bringing together the most valuable portfolio of live content in video consumption with the main streaming platform through which the United States watches it,” as reported by Variety.
As for Roku CEO and founder Anthony Wood, he will join Fox’s board of directors and take on a “continuing role” as a result of the acquisition. “I’m incredibly proud of what our team has built, and combining with Fox is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers,” Wood shared in a statement, which was also reported by Variety.
Fox’s merger with Roku is the company’s first major deal since Disney acquired Fox’s entertainment business, which saw recognizable franchises including The Simpsons and X-Menas well as programming from channels owned by Fox, National Geographic and FX Networks, come to Disney+.
For years, Fox has been unable to compete with streaming giants like Netflix and YouTube. Combining its networks with Roku opens another door for Fox to expand into streaming and subscriptions, but Roku users are already considering alternatives.
For some Roku users, it’s all downhill from here
Entertainment companies seem to be joining forces lately. The deal between Paramount+ and Warner Bros. Discovery has now been approved by the US Department of Justice, but Fox’s acquisition of Roku has particularly shaken things up for Roku users. They’ve already been quite vocal about what this deal could mean, especially when it comes to the controversial Fox News.
According to one Reddit user, their Roku device has apparently been serving ads from Fox News, suggesting this deal has been in the works for quite some time. “It’s time for a new streaming device,” they added. But it’s not just the ads that worry users.
Other users flocked to the Reddit thread to share their concerns, and many believe Fox News’ ubiquity will only increase from here. One user says that Fox could gradually “display more and more of its propaganda and misinformation by referring users to Fox News.”
Another user highlighted that Roku is a popular and affordable streaming option, which is also built into many cheaper smart TVs, giving Fox another easy entry into this particular market.
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