Fox shareholders approve $22 billion acquisition of Roku
Shareholders of Fox Corp. and Roku voted in favor of Fox’s $22 billion purchase of the streaming platform. The offer values Roku at $160 per share, paid with roughly $14.2 billion in cash and the rest in Fox Class A common stock. Fox expects the transaction to close in the first half of 2027, subject to U.S. Department of Justice antitrust clearance. The Justice Department has issued a second request for information, extending the mandatory waiting period by 30 days.
Why it matters
The combination would give Fox a larger footprint in free, ad‑supported streaming and digital video advertising, potentially boosting its revenue streams. Completion depends on DOJ approval, so the extended review adds timing uncertainty for investors.
Key facts
- 1Fox announced a $22 billion acquisition of Roku. finance.yahoo.com
- 2The deal values Roku at $160 per share. finance.yahoo.com
- 3Payment consists of about $14.2 billion in cash and the balance in Fox Class A common stock. thedesk.net
- 4Fox expects the acquisition to close in the first half of calendar year 2027. finance.yahoo.com
- 5The U.S. Department of Justice issued a second request for documents, extending the antitrust waiting period by 30 days. finance.yahoo.com
- 6Roku founder and CEO Anthony Wood will retain a role in the combined company after closing. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.