Fox completes acquisition of Roku
Fox completes its acquisition of Roku, the open streaming TV platform, with Roku stockholders receiving $95.30 in cash and 0.9799 Fox shares per share.
Fox Corporation said it has completed its acquisition of Roku, Inc., the connected TV platform that reaches more than 100 million households. Roku shares ceased trading on Nasdaq as of the closing date.
Under the merger agreement, Roku stockholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock for each share of Roku Class A and Class B common stock. Fox stockholders will own about 74% of Fox common stock and former Roku stockholders about 26%.
Fox expects about $400 million of run-rate cost synergies within two years of closing. Roku founder Anthony Wood joins the Fox board and becomes co-chair of the newly formed Fox Digital Platforms division, alongside Paul Cheesbrough. Qatalyst Partners advised Roku, and Allen & Company, Morgan Stanley and Goldman Sachs advised Fox.
Deal facts
- Target
- Roku
- Business
- Open connected TV streaming platform serving more than 100 million households worldwide
- Buyer
- Fox Corporation
- Deal type
- Strategic
- Advisers
- Allen & Company LLC financial adviser to Fox Corporation
- Morgan Stanley & Co. LLC financial adviser to Fox Corporation
- Goldman Sachs & Co. LLC financial adviser to Fox Corporation
- Morgan Stanley Senior Funding, Inc. lender to Fox Corporation
- Weil, Gotshal & Manges LLP legal counsel to Fox Corporation
- Qatalyst Partners financial adviser to Roku
- Goodwin Procter LLP legal counsel to Roku
- Axinn LLP legal counsel to Roku
- Status
- Completed
- Announced
- Friday, November 6, 2026
Sources
- PR NewswireNov 6, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.