Fox closes $22 billion Roku deal early, names Wood co-chair of new digital division
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Fox Corp. has completed its acquisition of streaming platform Roku in a $22 billion deal, closing ahead of an expected 2027 timetable. Roku founder and CEO Anthony Wood joins the Fox board as co-chair of the new Fox Digital Platforms unit with Paul Cheesbrough, who is co-chair and CEO; the division spans Roku, Tubi, Fox One, Red Seat Ventures and other digital assets. Executive chair and CEO Lachlan Murdoch said Friday the purchase advances Fox’s long-term strategy, and Fox said it will keep Roku an open ecosystem and not give Fox News or Fox One advantageous placement among more than 100 million households.
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