Fox $22 Billion Roku Deal Approved by Shareholders of Both Companies
Variety • • business
Key Points:
- Shareholders of Fox Corp. and Roku have overwhelmingly approved Fox's $22 billion acquisition of Roku, with Fox shareholders voting 99.9% in favor of the deal.
- The acquisition, announced in June, involves Fox purchasing Roku at $160 per share through a mix of cash and Fox Class A common stock.
- The deal is expected to close in the first half of 2027, pending regulatory approval, with the DOJ currently reviewing additional documents and extending the antitrust review period.
- The acquisition will significantly expand Fox's streaming presence, enhancing its position in free, ad-supported streaming via Tubi and the Roku Channel, and boosting its digital video advertising and subscription VOD capabilities.
- Fox plans to maintain Roku as an open platform, with Roku founder and CEO Anthony Wood continuing to play a leadership role in the combined company.
