- Fox acquires Roku for $22 billion
- Deal will combine Fox networks with 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 TV giant acquire streaming company Roku for a whopping $22 billion – a deal that will undoubtedly shake up the entertainment sphere.
The companies announced the deal today (June 15, 2026), and it 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 plethora of news, sports and entertainment networks with the Roku TV platform, The Roku Channel, and first-party data to reach the 100 million homes that use 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 secured $12 billion in loans to finance it. The deal has already been approved by the boards of directors of both companies and is expected to be finalized in the first half of 2027, pending regulatory approvals.
On a call with analysts, Fox CEO Lachlan Murdoch described the deal as a “defining moment” for Fox and “a natural extension of the deliberate, focused strategy we have executed for nearly a decade.”
He added, “Today, we’re taking the next step: bringing together the most valuable portfolio of live content in video consumption with the preeminent streaming platform through which America watches it,” as Variety reports.
As for Roku CEO and founder Anthony Wood, he will join Fox’s board of directors and take on a “continuing role” following the acquisition. “I am incredibly proud of what our team has built, and joining forces with Fox is an extraordinary opportunity to accelerate our vision, evolve faster and innovate more aggressively for viewers, partners and advertisers,” Wood said in a statement, also reported by Variety.
Fox’s merger with Roku is the company’s first major transaction since Disney acquired Fox’s entertainment business, which spawned recognizable franchises including The Simpsons And X-Menas well as programming from channels owned by Fox, National Geographic and FX Networks, are coming to Disney+.
For years, Fox was unable to compete with streaming giants such as Netflix and YouTube. Combining its networks with Roku opens another gateway for Fox to expand into streaming and subscriptions, but Roku users are already considering alternatives.
For some Roku users, everything is going from bad to worse
Entertainment companies seem to be joining forces lately. The agreement 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 have already raised concerns about what this deal could mean – particularly in relation to the controversial Fox News.
According to one Reddit user, their Roku device apparently played ads for Fox News, suggesting this deal has been in development for some time. “It’s time for a new streaming stick,” 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’ omnipresence will only intensify from here. One user claims that, gradually, Fox could “show more and more of its propaganda and disinformation by redirecting users by default to Fox News.”
Another user pointed out that Roku is a popular, budget-friendly streaming option that’s also built into many cheaper smart TVs, giving Fox another easy gateway into this particular market.
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