Fox is acquiring streaming platform Roku for $22 billion, with the combination of Fox's sports and news content and Roku's platform, which reaches 100 million users, securing the third position in US television by viewer share. Fox CEO Lachlan Murdoch describes the deal as a logical step in a strategy the company has been pursuing for nearly a decade, while Roku founder Anthony Wood retains an ongoing role and joins Fox's board of directors. The acquisition, expected to close in the first half of 2027, is projected to generate $400 million in savings, while Roku's open platform strategy remains unchanged.