Fox to Acquire Roku for $22 Billion, Six Years After Selling Stake at $210 Million Loss

Fox Corporation agreed to acquire Roku on 15 June 2026 for approximately $22 billion. The move reverses Fox's March 2020 exit, when it sold its Roku stake—representing roughly 5% of the company—for $340 million and recorded a $210 million loss. The pandemic-era sale prioritized liquidity; Fox is now betting that controlling Roku's operating system, which sits on tens of millions of connected TVs, offers defensible leverage over streaming distribution and ad inventory as linear television erodes.