Fox closes Roku acquisition on November 6 for $95.30 and 0.9799 shares
Key Facts
Fox announced it completed its acquisition of Roku on November 6, 2026, moving the deal from regulatory approvals and waiting to closing. Under Fox’s announcement, Roku shareholders are entitled to $95.30 in cash and 0.9799 shares of Fox Class A stock for each Class A and Class B share they held immediately before closing. The cash-and-stock consideration combines a direct payment to Roku shareholders with a stake in the acquiring company. Fox had previously said the deal was still awaiting satisfaction of closing conditions, but its November 6 statement confirmed the acquisition was complete. Roku’s platform is now part of Fox’s strategy to strengthen its position in digital streaming and connected TV.
The deal’s completion means Roku’s platform has come under Fox’s ownership while continuing to operate as an open distribution platform. Fox said the platform serves more than 100 million households worldwide and provides access to thousands of apps and channels across the streaming television ecosystem. That reach gives the combined group a broad distribution base alongside Fox’s content. Fox’s assets include sports, news and local programming, while Roku provides the connected-TV platform through which those programs reach viewers. The company said bringing content and the platform together creates opportunities to serve viewers, advertisers and partners.
The new management structure includes a role for Roku founder Anthony Wood, who will join Fox’s board and serve as co-chair of Fox’s digital platforms. The newly formed unit includes Roku, Tubi, Fox One, Red Seat Ventures and other digital products, according to Fox’s announcement. The arrangement brings the group’s streaming platforms under one unit with shared leadership, while Wood will help manage digital operations following the acquisition. Wood said Roku’s mission would remain the same and that it would continue to be open to all content partners. He added that Fox’s resources would support the company, saying Fox respects Roku’s culture and shares its commitment to openness with partners.
The deal gives Fox a broader mix of streaming and connected-TV businesses alongside its sports, news and local content operations. The company said the acquisition accelerates its digital strategy and expands its business mix into high-growth streaming and connected-TV sectors, strengthening its long-term growth prospects. When it announced the deal, Fox expected annual operating cost savings of about $400 million within two years of closing, with the potential for additional revenue. Those savings are an earlier estimate tied to the deal; the acquisition-completion announcement did not provide a new figure. Fox also said when announcing the deal that the combined group would become the third-largest player in U.S. television by viewership share, a description based on a hypothetical post-merger assessment.
The U.S. Department of Justice review was among the regulatory steps before closing, after the investigation into the deal deepened in September and the department moved closer to approval in early November, according to earlier headlines and coverage related to the deal. Fox’s November 6 announcement confirmed the acquisition’s completion without providing details on how the review was resolved or on its procedures. The announcement also did not identify a later date or an expected regulatory review; the event it reported was the completion of the acquisition. The public announcement contains no further details on the combined company’s final ownership percentages, so the consideration is described only as the cash amount and number of Fox shares due for each Roku share. The stocks’ closing prices in the session before the announcement, November 5, were $67.67 for Fox Class A and $160.37 for Roku; those prices preceded the announced closing and do not represent market moves afterward.