Fox Completes Roku Acquisition for $95.30 Cash Plus 0.9799 Share Per Share
Fox Corporation completed its previously announced acquisition of Roku on Nov. 6, 2026, according to 8-K filings from both companies.
Under the merger agreement dated June 14, 2026, each share of Roku Class A and Class B common stock outstanding immediately before the effective time was converted into the right to receive $95.30 in cash, without interest, plus 0.9799 of a share of Fox Class A common stock, according to Fox's 8-K. No fractional Fox shares are being issued; Roku holders receive cash in lieu of fractions.
Fox will issue an estimated 144.5 million shares of Fox Class A common stock and pay aggregate cash consideration of an estimated $14.1 billion to former Roku stockholders, exclusive of shares issuable and cash payable for outstanding vested or converted Roku equity awards and dissenting shares, the company said.
In a two-step merger, Falcon Merger Sub 1 merged into Roku, and the surviving corporation then merged into Falcon Merger Sub 2, which was renamed Roku, LLC and remains a wholly owned Fox subsidiary, according to the filing. Roku notified Nasdaq that the mergers were consummated and requested a trading halt and delisting of its shares, according to Roku's 8-K.
Fox also entered an amended and restated term loan agreement on Nov. 5, 2026, that among other things increased commitments from $1.0 billion, according to its 8-K.
By the numbers
- $95.30 cash plus 0.9799 Fox Class A share per Roku share
- An estimated 144.5 million Fox Class A shares to be issued
- An estimated $14.1 billion aggregate cash consideration to former Roku holders
- Merger agreement dated June 14, 2026; closed Nov. 6, 2026
Sources
- Fox Form 8-K on completion of Roku acquisition, filed Nov. 6, 2026 (accession 0001193125-26-451888)
- Roku Form 8-K on completion of merger with Fox, filed Nov. 6, 2026 (accession 0001193125-26-451874)
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