Fox completes $22 billion acquisition of streaming platform Roku
The deal, first announced in June, gives Fox control of Roku, a platform that Fox says reaches over 100 million US households.
Key facts
Story- Fox has finalized its $22 billion purchase of Roku, the companies announced on Friday.
- Fox CEO Lachlan Murdoch said Fox would grow US viewership using Roku's technology and platform.
- The deal drew attention earlier this year when Justice Department investigators examined it.
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Fox has completed its $22 billion purchase of Roku, the streaming platform, the two companies announced on Friday. With the deal closed, Fox now owns a streaming service that it says reaches more than 100 million households in the United States.
The deal was first announced in June. Under the agreement, Fox will bring its Fox Sports programming, news content and local stations to the Roku platform. Fox also runs its own streaming service, Fox One.
When the deal was announced, Fox chief executive Lachlan Murdoch said the company expected to grow its US audience. He pointed to a mix of Roku's technology and platform, the content on The Roku Channel, and what Fox would add.
Justice Department investigators were examining the deal a few months ago. It is not known what the investigators found or whether any conditions were attached to the approval.
For people who already use Roku devices, the change could show up on their home screens as Fox content is added to the platform. It is not yet known when or how that will happen, or whether any prices or subscription terms will change.
The companies have not said how the deal will affect Roku's own staff or operations beyond the stated plan to combine content and technology.
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