Fox Acquires Roku for $22B, Becoming Third-Largest US TV Distributor

This acquisition consolidates Fox's broadcast channels and streaming services with Roku's platform, operating system, and advertising business into a single entity that becomes the third-largest TV distributor by viewing share in the US. The deal highlights how traditional broadcasters are racing to compete in a crowded streaming market by combining content, technology, and advertising capabilities. For viewers and advertisers alike, the merger signals another wave of industry consolidation that will reshape how streaming content is delivered and monetized.