Fox is set to acquire Roku, a company that develops TV operating systems and streaming devices, for $22 billion, making it the largest deal in the company's history.
Media company Fox Corporation (Fox) has announced that it has signed a definitive agreement to acquire Roku.
An important update about Roku
Fox Corporation to Acquire Roku, Inc. | Roku
Fox Corporation to Acquire Roku, Inc. - foxcorporation
https://www.foxcorporation.com/news/corp-press-releases/2026/fox-corporation-to-acquire-roku-inc/
Fox to acquire Roku in $22 billion deal, its largest ever | TechSpot
https://www.techspot.com/news/112769-fox-acquire-roku-22-billion-deal-largest-ever.html
Fox is a media company that operates Fox News and Fox Broadcasting. Roku is a company that develops the streaming service The Roku Channel, the streaming device Roku Streaming Stick, and the TV operating system Roku OS, and its name is derived from the Japanese word for 'six'.
On June 15, 2026, Fox announced that it had signed an agreement to acquire Roku for $160 per share (approximately 26,000 yen).
This agreement will allow Fox to partner its television content and video streaming services with Roku's services, expanding its scale in the television and streaming industries.
According to technology media outlet TechSpot, Roku is a top-tier TV streaming platform in terms of total streaming time in the United States, Canada, and Mexico, with more than half of broadband households in the US using Roku.
Fox will benefit from the 'connected TV' sector, where it can leverage Roku's market share to grow its business.
Fox operates the streaming service 'Tubi,' but its market share is low, at around 2%, significantly lower than YouTube (11.6%) and Netflix (8.2%).
In the US, streaming accounts for nearly half of television viewing time, with YouTube accounting for 11.6% of the total - GIGAZINE
Fox announced, 'The acquisition of Roku expands our reach across the entire video ecosystem, particularly into the high-growth connected TV market, which is driven by advertising and streaming subscriptions. By integrating our premium content and advertising capabilities with Roku's user interface, home screen, platform technology, and direct audience engagement, we will enhance content discovery, deepen engagement, and create more compelling streaming experiences for consumers and content partners.'
Roku CEO Anthony Wood said, 'Over the past 20 years, we have grown Roku into a leading TV streaming platform reaching more than 100 million households worldwide, transforming the way people discover and enjoy entertainment. I am incredibly proud of what my team has built, and this integration with Fox is a special opportunity to accelerate our vision, scale more quickly, and innovate even more aggressively for our audiences, partners, and advertisers. I couldn't be more excited about the future we will achieve together.'
The deal is expected to close in 2027, after which existing Fox shareholders will own approximately 73% of Roku shares, with the remainder owned by Roku shareholders. Roku's enterprise value has been assessed at $22 billion (approximately 3.52 trillion yen).
CEO Wood will continue to play a key role in the merged company and is expected to join the FOX board of directors after the transaction is completed.
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