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Mon, 15 Jun 2026

Mon, 15 Jun 2026 Fox to buy Roku streaming firm in $22bn deal

The move is seen as a bet that combining streaming with its news and sport offering will boost Fox as TV audiences move online.

* Fox is buying streaming firm Roku in a deal worth $22bn, creating the third largest player in US TV by share of viewing.
* The offer values Roku at $160 per share, made up of cash and stock.
* Fox's move is seen as a bet that combining streaming with its news and sport offering will leave it in a strong position as TV audiences move online.
* The deal combines Fox's live content portfolio with Roku's preeminent streaming platform, making it a major rival to Netflix and Amazon.
* The takeover values globally more than 100 million households stream with Roku.
* Under the deal, Fox's Tubi streaming service will combine with Roku's own channel, creating one of the biggest streaming services in the US.
* Advertisers are spending increasing amounts on streaming platforms, with consultancy Madison and Wall predicting $20bn of spending by 2029.