Fox Corp. completed its acquisition of Roku on Friday, adding the streaming platform to its portfolio alongside Tubi and FOX One.
The deal pairs Fox’s live sports, news, and local programming with Roku’s connected-TV platform, which reaches more than 100 million households. The companies said the combination should open new opportunities to serve viewers, advertisers, and partners.
Fox expects roughly $400 million in annualized cost savings within two years of closing, plus potential additional revenue. It also anticipates the transaction will lift free cash flow per share by the second full year after closing.
