The Fox-Roku deal has cleared every hurdle but one. On November 2, 2026, Fox Corporation told investors that shareholders of both companies and regulators outside the US have approved its $22 billion takeover of Roku, and that only a US Justice Department antitrust clearance remains. The companies still expect to close in the first half of 2027. Until then, nothing changes for anyone who watches news on a Roku.
Key facts (as of November 2026)
- Fox agreed on June 15, 2026, to buy Roku for $160 a share in cash and stock, an enterprise value of about $22 billion.
- Fox said on November 2, 2026, that shareholder and non-US regulatory approvals are done; Justice Department antitrust clearance is still pending.
- Roku reported third-quarter revenue of $1.5 billion, up 24%, and held no earnings call because of the pending sale.
What is the Fox-Roku deal?
It is Fox Corporation’s plan to buy Roku, the company behind the Roku TV operating system, Roku streaming players and The Roku Channel. Fox owns Fox News, Fox Business, the FOX broadcast network, Fox Sports and the free streaming service Tubi.
Under the June 15 agreement, Roku shareholders get $96 in cash plus 0.9693 of a FOX Class A share for each Roku share. That values Roku at $160 a share. After closing, Fox shareholders would own about 73% of the combined company and Roku shareholders about 27%, according to the deal announcement.
Roku founder and CEO Anthony Wood would keep a role at the combined company and join Fox’s board. Roku says its platform reaches more than 100 million streaming households worldwide.
What did Fox say about the Fox-Roku deal this week?
In short, Fox said the deal is on track. On its earnings call on November 2, CEO Lachlan Murdoch said both companies’ shareholders and the required foreign regulators had approved it. He added that Fox is “continuing to work cooperatively with the DOJ” to get clearance under the Hart-Scott-Rodino Act.
Fox did not take analysts’ questions about the deal. However, its own results gave a sense of why it wants Roku. Fox reported quarterly revenue of $4.6 billion, up 22%, and said Tubi’s revenue grew 35% from a year earlier.
Roku, for its part, released results the same day. In its shareholder letter, it said that, because of the pending sale, it would neither host a call nor give a financial outlook.
Roku’s latest numbers as the Fox-Roku deal waits
These figures come from Roku’s third-quarter 2026 shareholder letter, published November 2, 2026.
| Measure (Q3 2026) | Result | Change from a year earlier |
|---|---|---|
| Total revenue | $1.5 billion | Up 24% |
| Platform revenue (ads and subscriptions) | $1.31 billion | Up 23% |
| Advertising revenue | $727.4 million | Up 23% |
| Device revenue | $193.7 million | Up 33% |
| Streaming hours | 39.9 billion | Up 9% |
| Net income | $183.3 million | Up from $24.8 million |
The Roku Channel was the second most-used app on Roku, both in the US and worldwide, the company said.
Why is the Justice Department still reviewing the Fox-Roku deal?
Because it asked for more information. On September 8, the Justice Department sent both companies a “second request,” TheDesk reported. That extends the waiting period until 30 days after Fox and Roku substantially comply, so the deal cannot close before then.
Critics and supporters see the deal differently. In a July 16 letter, Senator Elizabeth Warren, Representative Becca Balint and other Democrats asked the department to examine it closely. They argued a combined company could have an incentive to steer Roku viewers toward Fox programming.
Fox and Roku have answered that concern in general terms. When they announced the deal, they said they would keep operating Roku “as an open, partner-friendly platform.” Murdoch also told investors in June that he expected Tubi and The Roku Channel to stay separate services, according to TheDesk.
Will news apps like CNN and MS NOW stay on Roku?
For now, yes, because the deal hasn’t closed and Roku is still independent. Until it closes, the deal itself does not change which apps you can use.
After closing, the companies have only made the general open-platform pledge above. Roku’s latest letter also says its business is built on “interoperability with partners rather than exclusivity.” So far, neither company has made a statement naming specific rival news apps, such as CNN, MS NOW or Newsmax. Therefore, the honest answer is that the pledge is broad, and the details will depend on the Justice Department’s review.
How to watch news on Roku today
Nothing about setup has changed. Here are the official routes most Roku owners use:
- Fox News: add the FOX One app or the Fox News app. Our Fox News on Roku guide has the steps and costs.
- CNN: use the CNN app with a TV provider or CNN All Access, as our CNN on Roku guide explains.
- Free news: The Roku Channel carries free live news, including LiveNOW from FOX.
For a wider list, including BBC, Sky News and other international channels, see our roundup of news channels on Roku. More stories like this one are in our Streaming News section.
Coming soon: the NewsLive streaming app. We’re building one subscription for live international news on Android, Roku, Fire TV and desktop. The service is under development. See what the NewsLive app will offer and join the early-access list.
Frequently asked questions
When will the Fox-Roku deal close?
Fox and Roku expect it to close in the first half of 2027. The last step is antitrust clearance from the US Justice Department, and Fox has not given a firmer date.
Does Fox own Roku now?
No. Until the deal closes, Roku remains a separate public company. Its apps, prices and settings are unchanged.
Do Roku owners need to do anything?
No. Your apps, subscriptions and account keep working as before. If anything changes after closing, Roku would normally tell customers directly.
Sources
- Fox and Roku: deal announcement, SEC filing (June 15, 2026)
- Roku: Q3 2026 shareholder letter, SEC filing (Nov 2, 2026)
- Fox Corporation: fiscal 2027 Q1 earnings call transcript (Nov 2, 2026)
- TheDesk: Fox executives on the Roku transaction (Nov 3, 2026)
- TheDesk: Justice Department second request (Sept 9, 2026)
- TheDesk: lawmakers’ letter on the deal (July 17, 2026)
