BIG TECH· Jun 16, 2026Fox Acquires Roku for $22B -- Legacy Media Bets the Company on Streaming Distribution
BIG TECH$22BFox Acquires Roku for $22B -- Legacy Media Bets the Company on Streaming DistributionFox agreed to buy Roku in a $22B cash-and-stock deal, absorbing its 100M+ streaming households and the Tubi free-streaming service. It's the boldest move yet by a legacy broadcaster to own the connected-TV operating layer instead of renting it.Jun 16, 2026