Fox has completed its $22 billion acquisition of Roku, giving the media company control of a streaming platform that reaches more than 100 million US households. Announced in June, the deal combines Roku’s technology, audience, and platform - including The Roku Channel - with Fox’s sports, news, and local-station programming. Fox CEO Lachlan Murdoch has said the combination could expand Fox’s US viewership. The company also operates Fox One, its own subscription streaming service, and Tubi, a free streaming platform.
The acquisition gives Fox greater influence over how viewers find and watch television, but regulatory commitments are intended to preserve Roku’s broad compatibility with rival services. The Department of Justice says Fox must keep Roku open to non-Fox content for at least three years, avoid favoring Fox in search results, and let users continue rearranging apps on their home screens. Roku founder Anthony Wood, now a member of Fox’s board, says the company’s mission and openness will remain intact, while the acquisition brings greater reach and resources.
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Fox completed its $22 billion acquisition of Roku, combining Roku’s streaming platform with Fox’s sports, news and entertainment businesses. Roku will remain an open platform, and Fox expects $400 million in annual cost savings within two years. (foxcorporation.com)
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