Fox steps up streaming ambitions with $22 billion Roku acquisition

Fox CEO Lachlan Murdoch is making a big bet on streaming TV by entering a deal to acquire the connected TV platform Roku.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images; Jon Kopaloff/WireImageFox announced a deal to acquire Roku, creating a free-TV superpower.The $22 billion deal is expected to close in the first half of 2027.Fox built its portfolio around sports and news instead of trying to create a mass-market streamer.Fox is making its biggest bet yet on streaming TV.T