Fox buying Roku in $22 billion deal

Once again, the entertainment and broadcasting world has become a bit smaller. Fox Corp is buying Roku in a $22 billion deal that will give the media company access to Roku’s 100 million household install base. Fox shareholders will own around 73% of the company after closing, with the deal expected to close in the first half of 2027. Roku is the U.S. market leader in connected TV devices (hardware that lets users access streaming platforms like Netflix), and Fox is likely making the move to make up for cord-cutting, especially among younger viewers.