Fox Corporation has successful completed its $22 billion acquisition of Roku. The combined company now ranks as the third-largest television business in the U.S. by viewership.
Roku founder Anthony Wood will join the FOX board of directors. He will also serve as co-chair, FOX Digital Platforms, the newly formed division that includes Roku, Tubi, FOX One, Red Seat Ventures, and other digital products and services across the company, alongside Paul Cheesbrough, who assumes the role of co-Chair and CEO, FOX Digital Platforms.
Lachlan K. Murdoch, executive chair and CEO of Fox Corporation, said: “The closing of this acquisition advances the long-term strategy of FOX. Beginning today, our top priority for the combined company is to continue to relentlessly serve audiences and partners, while reinforcing the openness and choice that is the essence of the Roku platform. Our shared entrepreneurial passion and clear conviction toward building the future together with our new Roku colleagues gives us great confidence in the opportunities ahead of us.”
The acquisition was also completed well ahead of schedule. When the deal was initially announced in June, the companies had expected the transaction to close in the first half of 2027.
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