Fox is acquiring Roku, a popular streaming TV platform, in a $22 billion deal, the companies announced Monday. This transaction makes Fox a more competitive streaming player, combining its sports, news, and entertainment shows with Roku’s devices and services that reach 100 million people.

Expanding Streaming Capabilities

Fox has been involved in streaming over the past few years, launching its Fox One competitor last August, but lacked a serious streaming business to compete with YouTube, Netflix, Amazon, Disney+, HBO Max, Paramount+, and Peacock. With this purchase, Fox aims to change that.

The deal is expected to close in the first half of 2027, with the companies forecasting $400 million in savings. Roku founder and CEO Anthony Wood will have an ongoing role at the company and will join Fox’s board of directors.

Original reporting: KTVZ (Central Oregon) — read the source article.