Fox completes $22 billion acquisition of Roku
The deal makes Fox the third-largest TV operator in the US by viewers and gives it direct reach to more than 100 million Roku households.
Fox has completed its acquisition of Roku for $22 billion, according to TechCrunch, making Roku officially owned by Fox.
Fox said the combination of the two companies makes it the third-largest TV operator in the US by number of viewers. The company now directly covers Roku's user base of more than 100 million households.
Fox plans to use Roku to improve ad targeting and to strengthen its position in the connected TV market.
Roku founder Anthony Wood said the company's mission to give people a better way to watch TV remains unchanged.
Roku was founded in 2002 as a streaming company.
Quick answers
How much did Fox pay for Roku?
Fox completed its acquisition of Roku for $22 billion.
How large is Roku's user base?
Fox now directly covers Roku's user base of more than 100 million households.
Will Roku's mission change under Fox?
Roku founder Anthony Wood said the company's mission to give people a better way to watch TV remains unchanged.