Fox Corporation

Fox to Acquire Roku in $22B Deal

Cord Cutters News reported a major week in streaming: on June 15 Fox Corporation agreed to acquire Roku in a transaction valued at about $22 billion enterprise value, paying $160 per Roku share split between cash and Fox Class A stock. The companies said Tubi and The Roku Channel will remain separate platforms, and Anthony Wood is expected to join the Fox board. The deal targets first-half 2027 close, anticipates ~$400 million in annual run-rate cost synergies, and includes $12 billion in bridge financing for the cash portion. Also covered: a June 14 remote-control navigation bug affecting the YouTube TV app on Google TV devices, and DIRECTV’s June 16 additions of AMC+, Shudder and Fanatiz to its lower-cost genre packs. The stories highlight consolidation, product differentiation, app integration issues, and bundle strategies across connected TV and streaming services.

Fox Closes Upfront Early with Strong Pricing Growth

Fox announced it has closed its upfront negotiations, becoming the first presenter of the upfront week to do so and finishing roughly a month earlier than last year. Adweek reports Fox experienced strong volume growth across both digital and linear inventory, with total dollar volume rising by high single digits. Jeff Collins, president of advertising sales, marketing and brand partnerships at Fox Corporation, credited the performance to the company's portfolio across sports, news, entertainment and Tubi. The announcement was published June 18, 2026, and comes amid other Fox commercial moves referenced in coverage, including agentic ad-platform development and a major Roku deal.

Fox and Roku Keep Tubi and Roku Channel Separate

Fox Corporation announced a $22 billion acquisition of Roku and during a joint investor call executives said they will maintain Tubi and The Roku Channel as independent platforms rather than merging them. The companies cited distinct viewing patterns — Tubi is ~90% on-demand while The Roku Channel is ~80% driven by FAST/linear channels — and only about one-third audience overlap. Fox plans to combine Roku’s distribution, first-party data and ad tech with Fox’s content (including Fox Sports and Fox News) to scale advertising inventory and targeting, while preserving each brand’s viewing experience. Analysts cited estimated cost synergies of about $400 million annually. Regulatory approvals are expected in the first half of 2027; Roku shareholders will receive a mix of cash and Fox stock, with existing Fox investors retaining majority control.