Fox Will Acquire Tubi, the Free Ad-Supported Streaming Service, and Sell Roku Stake

$440 million deal will bolster the company's OTT assets

The Tubi and Fox logos next to a TV screen
Tubi will continue operating as a standalone service following the Fox acquisition. Fox, Tubi

Fox Corp. has agreed to acquire the free, advertiser-supported streaming service Tubi for about $440 million in cash, the companies announced Tuesday.

@kelseymsutton Kelsey Sutton is the streaming editor at Adweek, where she covers the business of streaming television.