Fox concludes $22 billion Roku buyout months ahead of initial timetable

Fox has officially closed its $22 billion acquisition of Roku following a review by the Trump Justice Department. First announced in June, the deal wrapped up well ahead of its original target of the first half of 2027. Roku founder Anthony Wood will join Fox's board and co-lead a new division called Fox Digital Platforms alongside existing assets like Tubi and Fox One. [2][3]

The transaction gives Fox control of a connected TV ecosystem that reaches more than 100 million households. While Fox claims the platform will remain open to every content partner, the network plans to leverage Roku technology and content alongside Fox Sports, news programming, and local stations. The buyout has also caused friction among partners: the popular "Aquatic Life" screensaver, licensed from artist Jim Sachs for a decade, will be pulled from Roku OS starting December 1 due to the acquisition. [1][2][4]

Fox says the merger makes the combined entity the third-largest television business in the United States by viewership. The platform provides Fox with a major streaming pipeline as its traditional cable footprint shifts, reducing dependence on legacy distribution and expanding targeting capabilities for connected TV advertisers. [3]