Fox Corp. has purchased streaming platform Roku for $22 billion, the media giant announced Friday.
Roku founder and CEO Anthony Wood will join Fox’s board of directors as part of the deal and will serve as the co-chair of Fox Digital Platforms, a new sector within the company that will include Roku, Tubi, Fox One, Red Seat Ventures and other products.
“The closing of this acquisition advances the long-term strategy of Fox,” Lachlan Murdoch, CEO of Fox Corp., said in a statement.
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Roku has a customer base of 100 million households. The brand was introduced to the public in 2008, and as of 2024, it was the market leader in streaming video distribution in the U.S.
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