Fox Corporation Agrees to Buy Roku for 22 Billion Dollars in Streaming Consolidation Deal

Fox Corporation announced an agreement to acquire Roku for approximately 22 billion dollars, a deal that would combine Fox's television and streaming content with Roku's platform, which serves as the operating system for millions of smart televisions and streaming devices.

The transaction, reported by TechStartups and CNBC on June 16, 2026, is structured as an all-cash deal. Roku shareholders would receive a premium over the stock's recent trading price. The deal is subject to regulatory approval and is expected to close in late 2026 or early 2027.

Roku operates the leading streaming platform in the United States by active accounts, with more than 80 million users as of its most recent earnings report. The company earns revenue through advertising and a share of subscription fees from streaming services that run on its platform.

Fox has been building its streaming presence through Fox Nation and its free, ad-supported service Tubi, which has grown rapidly in recent years. Owning Roku would give Fox direct access to Roku's advertising data and the ability to promote its own content more prominently on the platform.

Analysts said the deal reflects a broader trend of media companies seeking to control distribution as well as content. "The streaming wars have shifted," said one media analyst. "Now it's about owning the pipe, not just the programming."

The acquisition would face scrutiny from antitrust regulators, who have been more active in reviewing large media mergers. Critics argued that Fox owning Roku could disadvantage competing streaming services that rely on the platform.

Roku's shares rose sharply on news of the deal. Fox shares were little changed.