Fox Corporation acquires Roku in multi‑billion‑pound deal

Fox Corporation has acquired streaming‑technology company Roku in a landmark deal that marks one of the largest media‑tech takeovers in recent years. The agreement, valued at approximately £17.3 billion (equivalent to $22 billion), brings Roku’s widely used connected‑TV platform and advertising technology under Fox’s expanding digital portfolio.

The acquisition gives Fox full ownership of Roku’s operating system, its popular streaming devices and The Roku Channel, significantly strengthening the corporation’s position in the rapidly growing connected‑TV and ad‑supported streaming markets. Roku’s platform currently powers millions of smart televisions and devices worldwide, making it a highly strategic asset for any media company seeking direct access to consumers.

Industry analysts say the deal signals a major shift in the streaming landscape, with traditional broadcasters increasingly investing in technology infrastructure to compete with global digital giants. The combined entity is expected to become one of the largest players in U.S. television by total viewing share.

The transaction is subject to regulatory approval, but both companies have expressed confidence that the deal will progress smoothly. Further details on integration plans, leadership structure and product strategy are expected to be announced later this year.