Fox completes its $22B acquisition of Roku

Fox completed its $22 billion acquisition of streaming platform Roku, closing the deal months after Department of Justice investigators examined it. The transaction combines Fox's media and broadcast assets with Roku's streaming hardware and advertising business, giving Fox a direct consumer platform and expanded reach in connected-TV advertising. The deal's scale reflects the growing value of streaming distribution and ad-supported viewing as traditional media companies seek scale. Fox had pursued Roku to pair its content with a large installed base of streaming users. What to watch next: how Fox integrates Roku's advertising and device operations, and whether regulators raise any remaining concerns.