Fox Corp Acquires Roku: Key Execs Depart Amidst Shake-Up

Fox Corporation has finalized its $22 billion acquisition of Roku, a move that has led to notable executive departures and organizational realignments within the newly integrated digital division. Charlie Collier, who led Roku's ad and platform business, and Anjali Sud, the CEO of Tubi, will not be joining Fox Corp. Sud is leaving the company to pursue opportunities elsewhere after overseeing Tubi's growth into a leading free, ad-supported streaming service.

Pete Distad, formerly of Apple, will now lead Tubi in addition to Roku and Frndly TV, facilitating the transition with Sud. Mustafa Ozgen will succeed Anthony Wood as the CEO of Roku. Ozgen's responsibilities will expand to include oversight of the Fox ad tech platform AdRise, The Roku Channel, and various subscription services, while Roku's open platform strategy will remain intact. Chris Handman and Robyn Peterson are also exiting. New appointments include Mike Bidgoni as president of Tubi and Andy Karofsky joining Distad's group. Town hall meetings are scheduled across San Jose, San Francisco, Los Angeles, Austin, and New York to communicate further updates.