Fox Completes $22 Billion Roku Acquisition Months Ahead of Schedule
The completed deal gives Fox control of a streaming platform reaching more than 100 million households, while Roku leaves public trading and its CEO takes new roles.
By Hushread Stories, from 9 outlets · First published 6 Nov 2026 · Chapter 1 of 2
In brief
- Fox completed its $22 billion acquisition of Roku on November 6, 2026, taking ownership of the streaming platform.
- The transaction closed in less than five months, well ahead of the previously expected completion in 2027.
- Roku shares will cease trading on the Nasdaq starting Friday following completion of the acquisition.
- Roku founder and CEO Anthony Wood will join Fox's board and serve as digital division cochair.
- Fox now controls a major streaming platform that reaches more than 100 million households through Roku.
Timeline · 4 moments
Fox's platform reach exceeds 100 million households
The Verge - All Posts Tech ↗Wood also set to cochair Fox's digital division
The Hollywood Reporter ↗Roku shares cease trading on the Nasdaq
The Wrap TV ↗Fox completes its $22 billion acquisition of Roku
Variety Movies ↗How it started
Fox's purchase of Roku brings a traditional media company and a major streaming platform under the same ownership. The $22 billion transaction was expected to close in 2027, according to Variety Movies.
Instead, the deal took less than five months to complete, The Hollywood Reporter reported. That puts the transfer of ownership months ahead of the earlier timetable.
How it unfolded
On November 6, 2026, Fox announced that it had closed the acquisition. Variety Movies reported the completed transaction's value at $22 billion.
The closing also ends Roku's run as a separately traded stock. Its shares will stop trading on the Nasdaq starting Friday, November 6, according to The Wrap TV.
The companies also set out new roles for Roku's leadership. Roku founder and CEO Anthony Wood will join Fox's board, Variety Movies reported. He will also serve as co-chair of Fox's digital division, according to The Hollywood Reporter.
Where it stands
This is a completed acquisition, not a proposal awaiting a closing date. Fox now owns Roku, as Cord Cutters News reported on November 6.
The immediate change is the scale of Fox's streaming reach. With Roku under its ownership, Fox controls a platform reaching more than 100 million households, according to The Verge - All Posts Tech. That gives the company a substantially larger digital distribution business, beyond the ownership change itself.
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