Fox completes $22 billion acquisition of streaming platform Roku

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Fox has officially closed its $22 billion acquisition of Roku, the two companies announced on Friday. The deal gives Fox control of a major streaming platform that reaches more than 100 million US households. Originally announced in June, the acquisition is expected to let Fox distribute its sports programming, news content, and local stations through Roku. Fox CEO Lachlan Murdoch said the combination of Roku's technology and platform with Fox's content could expand the company's US viewership. Fox also runs its own streaming service, Fox One.

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Fox Completes $22 Billion Acquisition of Streaming Platform Roku

Fox has finalized its $22 billion purchase of Roku, the streaming company. The deal's completion follows a period in which U.S. Department of Justice investigators had been examining the transaction. The source article provides limited detail beyond the closing itself, so further context on terms and rationale is not available here. The acquisition marks a major consolidation move in the streaming industry.

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