Fox Shareholders Approve $22 Billion Roku Acquisition

Fox Corp. shareholders approved its $22 billion acquisition of Roku, with both companies' shareholders voting in favor. The deal, announced in June, values Roku at $160 per share, combining cash and Fox Class A stock. The acquisition, expected to close by mid-2027, requires regulatory approval and aims to expand Fox's digital advertising and streaming presence. Roku's CEO will retain a role in the combined company.

Fox Corporation and Roku shareholders approved Fox's $22 billion acquisition of Roku, which includes a $160 per share offer. The deal, pending federal antitrust approval, aims to expand Fox's streaming and advertising businesses. Fox expects to complete the acquisition by mid-2027, though regulatory review adds uncertainty.

Shareholders of Fox Corp. and Roku approved Fox's $22 billion acquisition of Roku, with a vote of $160 per share. The deal, expected to close in 2027, requires regulatory approval. Fox aims to expand its streaming and digital advertising presence through this acquisition.

The DOJ is investigating ABC, CBS, CNN, NBC, and Fox News for potential antitrust violations after they temporarily suspended White House coverage in protest of Trump's ban on CNN journalists. The networks were asked to provide communications and documents related to the coordinated suspension.

The Justice Department is investigating NBC, ABC, CBS, CNN, and Fox News for potential antitrust violations after they temporarily declined to provide pool coverage of President Trump. The investigation follows a joint statement by the networks defending their coverage decisions. The networks have not all commented on the investigation.

Roku's general counsel may receive a retention bonus of up to $2 million, according to a securities filing. This follows Fox Corp.'s planned $22 billion acquisition of the streaming platform.