Fox closes $22B Roku acquisition, months ahead of schedule
Fox Corporation has completed its $22 billion acquisition of Roku, bringing the connected-TV platform and its reach of more than 100 million households under Fox's ownership. The deal closed far earlier than the first-half-2027 target set in June, despite a Justice Department second request. Fox expects about $400 million of run-rate cost synergies within two years, and James Hardie will replace Roku in the S&P MidCap 400.
Why it matters: Fox says the combination makes it the third-largest U.S. TV business by viewership and shifts its mix toward streaming and connected-TV advertising, reducing reliance on traditional TV distribution.
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