Fox – $22bn takeover of Roku completed to reach 100m streaming homes
Fox has completed its $22bn acquisition of Roku, gaining direct access to more than 100 million households and, it says, becoming the third-largest TV business in the US by viewership.
By George Bregman · · 2 min read · US · Global · Signal strength 4 of 5
Fox completed its $22bn acquisition of Roku on Friday 6 November, TechCrunch reported.
The deal gives Fox direct access to Roku's reach of more than 100 million households; Fox says the combined company is the third-largest TV business in the US by viewership.
The Justice Department had issued a second request for information two months earlier; the deal closed much earlier than expected.
Fox has completed its $22bn acquisition of Roku, TechCrunch reported on Friday 6 November, one of the largest media deals in recent years. Roku, founded in 2002, is now formally owned by Fox, which says the combined company ranks as the third-largest television business in the US by viewership.
“We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn’t change today. What does change is our reach and resources,” Roku founder Anthony Wood said in a statement.
What Fox is buying
The main asset is reach: Roku gives Fox direct access to more than 100 million households. Fox expects that audience to improve its advertising targeting, strengthen its position in connected TV and reduce its reliance on traditional TV distribution.
The deal closed faster than expected. Two months earlier the Justice Department had issued a second request for information as part of its antitrust review, and reports earlier this month suggested approval was close.
What it means for founders and investors
Distribution is being bought rather than rented. A broadcaster now owns the operating system that sits between viewers and every streaming app on Roku’s devices. Start-ups that depend on connected-TV platforms for distribution or advertising inventory should expect the platform owner to favour its own content and ad products, and should check what their contracts say about changes of control.
Corrected on 12 November 2026: an earlier version of this article included figures and details that are not in the reporting it cited. They have been removed.
Venture Signal analysis is general information for founders, fund managers and operators. It is not investment, legal or tax advice. Figures labelled modelled, illustrative or desk estimate are worked examples, not company disclosures. Spotted an error? Corrections are published on the article.
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