Roku is officially part of Fox's domain

The $22 billion merger closed far more quickly than initially anticipated.

Roku is officially part of Fox's domain

As of this morning, Roku is no longer its own company. According to Deadline, Fox Corp. has closed a $22 billion acquisition of the streaming platform, giving 2026 yet another major media merger. This one, however, closed with far less fanfare or controversy than the Paramount-Warner Bros. merger earlier this year. As Deadline points out, the Fox acquisition of Roku wasn’t even initially expected to close until the first half of 2027. 

It’s not totally clear how the structure of the companies will work, but Fox already owns Tubi, and has mostly let it do its own thing since acquiring the free streamer in 2020. Tubi has since become one of the most-watched streamers, so it would seem to be a decent decision. Likewise, Roku says that it already has its tech in 100 million homes, mostly in the United States but in some other countries as well. (According to 2025 census information, there are about 130 million households in the U.S., which would suggest that Roku is in a significant majority of them, if this claim is accurate.) Deadline also reports that Fox expects a savings of $400 million within two years from the merger. 

Fox has spent years trying to get more involved in the streaming business, to mixed results. An attempted Venu sports streamer was something of a disaster, and its primary streaming service, Fox One, is mostly focused on news and sports. But hey, if you can’t beat ’em, buy ’em.

 
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