Fox Corporation completed its $22 billion acquisition of Roku, Inc. on November 6, 2026, marking an unexpectedly early conclusion to a deal originally projected to close in the first half of 2027. The transaction officially brings the industry’s leading streaming platform under the Fox corporate umbrella, resulting in the immediate delisting of Roku (ROKU) from the Nasdaq.
Under the finalized terms, Roku stockholders are entitled to receive $95.30 in cash and 0.9799 shares of Fox Class A common stock for each share held. The accelerated timeline allows Fox to begin the integration of Roku’s hardware and software ecosystem months ahead of schedule, positioning the company to compete more aggressively in the digital advertising and streaming sectors.
The acquisition centers on the creation of a new business segment, FOX Digital Platforms. This division will oversee the combined technical and content assets of Roku and Fox’s existing digital properties. By housing these assets under a single division, Fox secures a dominant position in the Free Ad-Supported Television (FAST) market.
Roku founder Anthony Wood has joined the Fox Corporation board of directors and will serve as Co-Chair of FOX Digital Platforms. This leadership structure is intended to maintain Roku’s technical innovation while leveraging Fox’s extensive content library and advertising sales infrastructure.
Despite the change in ownership, Fox has stated that Roku will continue to operate as an open distribution platform. The company confirmed that the Roku operating system will remain accessible to thousands of third-party apps and channels, seeking to reassure users and developers that the ecosystem will not become a “walled garden” exclusive to Fox-owned content.
The deal’s early closure follows a period of rapid consolidation in the media industry as traditional broadcasters seek deeper control over the software and data analytics that drive modern viewership. According to reporting from Seeking Alpha, the $22 billion enterprise value represents one of the most significant shifts in the streaming hardware market since its inception.
With the acquisition now complete, Fox is expected to provide further details regarding the long-term roadmap for Roku hardware and potential integrations with Fox Sports and Fox News during its next quarterly earnings presentation. For now, current Roku device owners will see no immediate changes to their service or interface as the new FOX Digital Platforms division begins its first phase of operations.