Fox Closes $22B Roku Deal After DOJ Ends Antitrust Review
Fox completes its $22 billion Roku acquisition after the DOJ closes its antitrust probe, with pledges to keep the platform open.
TL;DR
- Fox completed its $22 billion purchase of Roku after the DOJ ended its antitrust investigation.
- Fox committed to keeping Roku an open platform and not sidelining rival content providers.
- Roku founder Anthony Wood joins Fox to co-chair a new digital platforms unit.
Fox has completed its $22 billion acquisition of Roku after the Department of Justice closed its antitrust review. The agency found the merger unlikely to harm competition in free ad-supported streaming.
Fox agreed to keep Roku running as an open and neutral platform. It pledged not to use the service to disadvantage rival content providers.
The Justice Department examined whether Fox might favor its own content on Roku and sideline others. It concluded that new streaming services would enter quickly enough to limit risks. It also noted that Roku needs broad content to attract viewers, so harming rivals would hurt the merged company.
Roku reported $4.1 billion in sales for the first nine months of 2026, up 23 percent, with nearly half from ads. The service reaches more than 100 million households worldwide.
Roku founder Anthony Wood joins Fox as co-chair of a new Fox Digital Platforms unit that includes Roku, Tubi and other digital assets. Several top Roku and Tubi executives are departing.
Fox has said it will run Roku as an open ecosystem, consistent with statements made when the deal was announced in June.
The Tea
This merger gives Fox a direct line to millions of living-room screens at a time when streaming is the main battlefield. The DOJ’s quick sign-off shows regulators see enough competition to let it slide, but the real test will be whether Roku stays truly neutral once Fox controls the home screen.