Fox Completes $22 Billion Roku Purchase

The acquisition closed on November 6 after Fox received all foreign regulatory approvals and Class B shareholder backing.

Updated on Nov. 8, 2026 in Television

Fox completed its $22 billion purchase of Roku on November 6, paying $160 per share in cash and Fox Class A stock. Roku founder Anthony Wood will join Fox's board and co-chair the newly formed Fox Digital Platforms unit.

Why it matters

The deal combines a major broadcast and cable programmer with one of the largest streaming platforms in the United States, reshaping how television content reaches viewers. Fox Class B shareholders approved issuing Class A shares for the acquisition in October before the transaction closed.

The shareholder vote tally was 197,363,560 in favor, 71,891 against, and 45,001 abstaining. The enterprise value of the deal is about $22 billion at $160 per Roku share.

The players

Fox Corporation

Fox Corporation is a major American media company known for its broadcast network and cable news and sports channels.

Roku

Roku is a streaming platform company that sells devices and operates a large connected-TV advertising and streaming ecosystem.

Anthony Wood

Anthony Wood is the founder of Roku who built the company into a leading streaming platform provider.

The details

Consideration was paid in $160 per share in cash and Fox Class A stock. Fox received all foreign regulatory approvals before completing the purchase.

October 2026: Fox Class B shareholders approved issuing Class A shares for the acquisition.
November 6, 2026: Fox completed the $22 billion Roku purchase.
First half of 2027: Originally expected closing timeframe for the transaction.

Roadmap

Fox's purchase of Roku follows a broader pattern of legacy television programmers seeking direct access to streaming viewers rather than relying on third-party distribution. The move positions Fox alongside other traditional media companies that have pursued vertical integration with streaming platforms.

Viewers may see changes in how Roku streaming services and Fox programming are packaged and accessed as the companies integrate. The source does not specify any immediate changes to subscription tiers or pricing.

The takeaway

Media companies are increasingly combining traditional broadcast assets with streaming distribution, and viewers should watch for how that integration affects content availability. Keep track of subscription changes as the companies combine operations.