Fox Closes $22 Billion Roku Takeover, Says Streaming Platform Will Remain 'Open Ecosystem'

Fox Corp. has closed its $22 billion acquisition of Roku, completing the deal well ahead of the expected 2027 date. Roku founder Anthony Wood joined the Fox board and is co-chair of a new Fox Digital Platforms division alongside Paul Cheesbrough. Fox pledged Roku will remain a leading open ecosystem, without automatically favoring Fox News or the Fox One streaming service. Roku will now be led by CEO Mustafa Ozgen, while Charlie Collier and Tubi CEO Anjali Sud are departing. Fox expects about $400 million in annualized cost synergies within two years and says it should add to free cash flow per share by the second full year after closing. Source: Variety, November 6, 2026.

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