Business & Finance

Fox Corp. completes $22 billion acquisition of streaming platform Roku

Fox has closed the deal first announced in June at $160 per share, and Roku founder Anthony Wood joins Fox's board.

Published Nov 6, 2026 · 15:48 UTC8 reports

The short version

Fox Corp. has completed its $22 billion acquisition of Roku, a deal first announced in June.[The Hollywood Reporter · Variety · The Verge]
Roku founder Anthony Wood will join Fox's board and co-chair the new Fox Digital Platforms division.[The Hollywood Reporter]
Fox says the deal advances its long-term strategy and expects about $400 million in annualized cost synergies within two years, but the reporting does not detail how those savings will be achieved.[The Hollywood Reporter · Variety]

Fox Corp. completed its $22 billion acquisition of Roku.[The Hollywood Reporter · The Verge]
Roku founder Anthony Wood will join Fox's board and serve as co-chair of Fox Digital Platforms.[The Hollywood Reporter]
Fox announced the deal in June at $160 per share, paid in about $14.2 billion in cash and the remainder in Fox Class A common stock.[Variety]
Shareholders of both companies approved the deal on Oct. 14.[Variety]
Fox Corp. said it expects about $400 million in annualized cost synergies within two years after the deal closed.[Variety]
Roku reported 23% revenue growth to $4.1 billion in the first nine months of 2026.[Variety]
Fox CEO Lachlan Murdoch said the closing advances Fox's long-term strategy.[The Hollywood Reporter]

Variety suggests the cost synergies could mean layoffs, but the reporting does not confirm any job cuts.[Variety]
The Verge's account is truncated mid-sentence, so its details are incomplete.[The Verge]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.