Fox completes $22 billion acquisition of streaming platform Roku
The gist
Fox closed its $22 billion purchase of Roku, months ahead of the projected first half of 2027.
The combined company becomes the third-largest U.S. TV business by viewership.
How it unfolded
- Jun 15, 2026Fox announced a deal to buy Roku for $22 billion, $160 per share in a cash-and-stock transaction, with about $14.2 billion in cash and the rest in Fox Class A common stock.
- Nov 2, 2026Roku reported Q3 revenue up 24% to $1.50 billion, net income of $183 million and ad revenue up 23% to $727.4 million. Fox CEO Lachlan Murdoch said the merger had cleared all major regulatory hurdles outside the U.S., with the DOJ antitrust division still reviewing.
- Nov 6, 2026Fox completed the $22 billion acquisition, months ahead of schedule. Roku shares stopped trading on the Nasdaq; Roku stockholders received $95.30 in cash and 0.9799 Fox Class A shares per share.
Key terms
- DOJ antitrust division
- Division of the U.S. Department of Justice that enforces federal antitrust law, sharing civil authority with the FTC and holding exclusive criminal authority.
- Nasdaq
- An American electronic stock exchange, one of the largest in the world, known for listing many technology companies.
- cost synergies
- The concept that combined effects of entities are greater than the sum of their individual effects.
Source: Wikipedia