Fox Corporation said Monday it will acquire Roku Inc. in a cash-and-stock deal valued at about USD 22 billion, expanding its reach in streaming distribution and connected TV advertising.
The companies said the transaction would combine Fox’s live content and Tubi with Roku’s streaming platform, which reaches more than 100 million households.
Roku, founded in 2002, launched its first streaming player in 2008 and later became a major smart TV operating system, especially in the United States.
The platform does not primarily operate like Netflix or Disney. It works as a gateway that brings apps such as YouTube, Netflix and other streaming services into one interface.
Fox agreed to acquire Roku in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming https://t.co/351iSKn9Eg pic.twitter.com/Lw4u0LgvNN
— Bloomberg TV (@BloombergTV) June 15, 2026Roku has also built an advertising and data business that tracks viewing habits, preferences and engagement patterns across millions of accounts.
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For Fox, the deal would provide direct access to a major TV home-screen platform, viewer data and ad infrastructure as traditional television loses viewers to internet-based streaming.
The transaction is expected to create one of the largest streaming businesses in the United States, including Tubi and The Roku Channel, according to Fox’s investor statement.
The deal remains subject to closing conditions and regulatory approvals.
