Fox Wraps Up Its $22 Billion Roku Deal
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Fox Corp. completed its $22 billion acquisition of Roku, closing the deal roughly five months after announcing it in June following a Trump Justice Department review. Roku reaches more than 100 million households globally and operates the Tubi streaming service, ad sales and subscription bundles; founder Anthony Wood will join Fox's board and co-lead a new Fox Digital Platforms division overseeing Roku, Tubi, Fox One and other digital brands. The deal expands Fox's digital reach as its Fox News viewership fell 27 percent year over year in October, though the network still draws more viewers than CNN and MS NOW combined. Fox says Roku will remain an "open platform" for all content partners, but observers are watching how prominently Fox's own services are promoted on the Roku home screen.
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Named in this story
Fox Corporation (FOXA), Roku, Tubi, Anthony Wood, Fox News
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