Fox completes its $22B acquisition of Roku

Fox has completed its $22 billion acquisition of Roku, making Fox the third-largest television business in the U.S. by viewership. The acquisition provides Fox with direct access to Roku's reach of over 100 million households, allowing it to improve advertising targeting and strengthen its position in the connected TV market. The deal was completed earlier than expected, two months after the Justice Department issued a second request for information as part of its antitrust review. Roku founder Anthony Wood stated that the company's mission remains the same, but it now has the support and capabilities of Fox behind it. The combined company will continue to build and innovate as it always has, with Wood emphasizing that 'our teams will keep building and innovating as they always have, now with the support and capabilities of Fox behind us.'