Fox bought Roku
Fox has officially closed its $22 billion acquisition of Roku, the companies announced on Friday. With Roku under its umbrella, Fox now controls a major streaming platform that reaches more than 100 million households in the US. First announced in June, the deal will allow Fox to bring Fox Sports, news content, and local stations […]
Fox has officially acquired Roku for $22 billion, gaining control of the streaming platform that reaches over 100 million US households. The deal, announced on Friday, allows Fox to incorporate Fox Sports, news content, and local stations onto Roku. Fox CEO Lachlan Murdoch anticipates growth in US viewership through the combination of Roku technology, Roku's platform, Roku's content, and Fox's content.
The deal does not seem to alter the open nature of Roku's streaming ecosystem. Roku founder Anthony Wood, now a member of Fox's board of directors, emphasizes the company's commitment to remaining open to every content partner.
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