Fox Corporation Completes $22 Billion Acquisition of Roku
Fox has finalized its $22 billion acquisition of Roku ahead of the previously expected 2027 date. The streaming platform now reaches over 100 million households under Fox's control.
Fox has officially closed its $22 billion acquisition of Roku, bringing the streaming platform under its umbrella ahead of the expected 2027 completion date. The companies announced the finalized takeover on Friday. With this deal, Fox now controls a major streaming platform that reaches more than 100 million households.
Following the acquisition, Roku founder and CEO Anthony Wood will join the Fox board of directors. Some reports note that this massive transaction came as a surprise, while others highlight the expedited timeline of the merger.
As the integration moves forward, the combined companies will operate with Roku as part of Fox Corp. Further details regarding upcoming operational changes or strategic plans have not yet been disclosed by the companies.
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