TLDR
- Shareholders of both Fox and Roku approved Fox’s $22 billion acquisition of Roku.
- Fox shareholders backed the deal with 99.9% of votes cast by Class B holders.
- Fox will pay $160 per Roku share, using about $14.2 billion in cash and the rest in Fox Class A stock.
- The Justice Department still must clear the deal, which is expected to close in the first half of 2027.
- Fox shareholders will own about 73% of the combined company, and Roku holders will own 27%.
Shareholders of Fox Corp. and Roku have voted to approve Fox’s $22 billion acquisition of the streaming platform. Both companies held separate special meetings on Wednesday. The votes were expected.
Shareholders for both Fox Corp. and Roku have voted to approve Fox’s $22 billion acquisition of the streaming-video platform company.
The deal would dramatically enhance Fox’s streaming footprint, and give it the opportunity to increase scale in the free, ad-supported streaming… pic.twitter.com/xSbScHNe20
— Variety (@Variety) October 14, 2026
Fox shareholders backed the deal by a wide margin. According to a Fox filing with the SEC, 99.9% of votes cast by holders of Class B common stock were in favor. Of the shares voted, 197.4 million were for the deal, 71,891 were against, and 45,001 abstained.
Roku’s official vote totals have not yet been filed. The company is expected to submit them to the SEC soon.
Deal Terms and Ownership
Fox announced the agreement in June. It will pay $160 per Roku share. About $14.2 billion of the price will be paid in cash, and the rest will come in Fox Class A common stock.
After the deal closes, Fox shareholders will own about 73% of the combined company. Roku shareholders will hold the remaining 27%.
Fox CEO Lachlan Murdoch has said the deal will change the scope of the company. He said it moves Fox into high-growth areas and improves its overall growth profile. Roku founder and CEO Anthony Wood will keep a role at the combined company.
Fox has said it plans to keep running Roku as an open, partner-friendly platform.
What Fox Gets From Roku
Roku reaches around 100 million streaming households worldwide. It is used in more than half of U.S. broadband households.
Fox runs a broadcast network, Fox News, and the streaming service Fox One. It also holds rights to major sports, including the NFL, MLB, and the FIFA World Cup.
The deal would combine Fox’s free, ad-supported service Tubi with the Roku Channel. This could help Fox reach more viewers and sell more digital ads. It could also strengthen Fox’s position in paid streaming.
Regulatory Review
The deal still needs approval from regulators. In September, the Justice Department asked for more documents as part of its review. Fox said it expected the request.
The request extended the waiting period under the Hart-Scott-Rodino Act. During that time, the companies cannot close the deal. The waiting period generally ends 30 days after both sides have substantially complied with the request. The Justice Department can end it early, or the companies can agree to extend it.
Regulators are expected to look at whether the combination could limit competition in digital advertising and streaming distribution. Some Democratic lawmakers have also raised concerns about market concentration.
On TipRanks, Fox Class A shares have a Moderate Buy consensus rating. The average price target is $75.20, which implies about 20.9% upside. The shares are down 14.1% so far this year.
Fox expects the deal to close in the first half of 2027, if regulators clear it.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Be the first to comment