Fox Completes Its $22 Billion Roku Acquisition

What did Fox announce?

Fox Corporation said on 6 November 2026 that it had completed its acquisition of Roku ^[1]. Roku shares stopped trading on the Nasdaq the same day ^[1].

Fox Business reports that Fox announced the deal to acquire Roku for $22 billion in June 2026 ^[3].

What do Roku shareholders receive?

Under the merger agreement, each Roku share is exchanged for $95.30 in cash and 0.9799 shares of Fox Class A common stock ^[1]. After the closing, Fox shareholders own about 74% of Fox common stock, and former Roku shareholders own about 26% ^[1].

Did the deal close early?

Advanced Television reported that the deal was first announced in June and was not expected to close until the first half of 2027 ^[4]. It closed in November 2026 ^[1], months ahead of that window.

What does Fox expect from the deal?

Fox expects about $400 million in run-rate cost synergies within two years of the closing, along with additional potential revenue upside ^[1]. It also expects the deal to be accretive to free cash flow per share by the second full year after closing ^[1]. These are Fox's projections, not reported results.

What happens to Roku's platform and leadership?

Fox says Roku will continue to operate as a leading open ecosystem for the streaming industry, reaching more than 100 million households worldwide ^[1]. As part of the approval, Fox committed to keep carrying non-Fox content on Roku for at least 3 years ^[2].

Roku founder Anthony Wood joins the Fox board and becomes Co-Chair of Fox Digital Platforms ^[1]. That division also includes Tubi, FOX One and Red Seat Ventures, and Paul Cheesbrough serves as its other Co-Chair and CEO ^[1].

What should readers watch?

Watch for the first Fox results that include Roku and for progress against the $400 million cost-synergy target. Also watch how Roku treats non-Fox content as the three-year period runs.