Fox completes acquisition of Roku, targeting synergies and streaming expansion
+8 new sources since this summary was written
Fox Corporation completed its acquisition of Roku on Nov. 6, 2026. Roku shareholders received $95.30 in cash plus 0.9799 FOX Class A shares for each Roku share. FOX expects approximately $400 million in run-rate cost synergies within two years and says the transaction should increase free cash flow per share by the second full year after closing. Roku's platform will retain its open-access model, while founder Anthony Wood joins the FOX board and co-chairs FOX Digital Platforms.
Why it matters
The deal removes Roku shares from Nasdaq trading and gives FOX control of a connected-TV platform reaching more than 100 million households worldwide. FOX expects the combination to produce approximately $400 million in run-rate cost synergies within two years and free-cash-flow-per-share accretion by the second full year after closing.
Key facts
- 1The transaction closed on Nov. 6, 2026. prnewswire.com
- 2Each Roku Class A or Class B share was exchanged for $95.30 in cash and 0.9799 FOX Class A common shares. prnewswire.com
- 3FOX expects approximately $400 million in run-rate cost synergies within two years after closing. prnewswire.com
- 4After closing, FOX stockholders own approximately 74% of FOX common stock and former Roku stockholders own approximately 26%. prnewswire.com
- 5Roku shares cease trading on Nasdaq as of the closing date. prnewswire.com
- 6Roku's open distribution platform reaches more than 100 million households worldwide. prnewswire.com
Open questions
- Several secondary materials describe the transaction as a $22 billion deal, but the primary release provides per-share consideration and ownership percentages without stating that total value.
- One secondary account says Roku's CEO will join the FOX board, while the primary release identifies founder Anthony Wood as the incoming director.
Summary written by AlphAI AI Desk from 20 of 29 sources. Not investment advice. Figures are as stated by the linked sources.