Fox Commits to Carrying Non-Fox Content on Roku for at Least 3 Years as DOJ Closes Antitrust Investigation
Headline from Variety
The Department of Justice’s Antitrust Division Friday announced that it closed its investigation into Fox Corp.’s $22 billion acquisition of Roku after finding the deal “is not likely to result in harm to competition.
Variety's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Surprise! Fox Corp. said Friday it has closed the acquisition of streaming platform Roku, a deal valued at $22 billion, well ahead of the expected 2027 date. Roku founder and CEO Anthony Wood will join the Fox board of directors.
The $22 billion deal closed in less than five months. Roku CEO Anthony Wood will join Fox's board and serve as co-chair of the company's digital division.
Fox Corp. has closed its $22 billion acquisition of Roku, creating a massive new player in streaming. Shares in Roku, which was founded more than two decades ago, will stop trading on the Nasdaq as of Friday. Fox CEO Lachlan Murdoch earlier this week indicated that regulators outside the U.S.
Fox has completed its approximately $22 billion acquisition of Roku, combining Fox’s programming with Roku’s connected-TV platform and forming a digital division that includes Roku, Tubi and other businesses.
Fox Corp. closed its $22 billion acquisition of Roku Inc. months earlier than originally expected, creating a much larger competitor in the streaming TV industry.
Fox announced the completion of its deal to acquire streaming platform Roku, which the company expects will expand opportunities to serve audiences and partners.
Fox Corporation has completed its $22 billion acquisition of Roku, transforming the Murdoch family's company into a major player in the streaming video business.
The Department of Justice’s Antitrust Division Friday announced that it closed its investigation into Fox Corp.’s $22 billion acquisition of Roku after finding the deal “is not likely to result in harm to competition.
Fox Commits to Carrying Non-Fox Content on Roku for at Least 3 Years as DOJ Closes Antitrust Investigation | Since Then