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Fox Corporation completes $22 billion acquisition of Roku
Fox Corporation has finalized its acquisition of streaming platform Roku for approximately $22 billion. The deal closed on November 6, 2026, following the conclusion of an antitrust review by the US Department of Justice.
Under the terms of the merger, Roku shareholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock for each share held. Following the transaction, existing Fox shareholders own roughly 74% of the combined company, while former Roku investors hold approximately 26%.
To secure regulatory approval, Fox committed to maintaining Roku as an open distribution platform. This includes ensuring that third-party content providers are not discriminated against for at least the next three years.
The acquisition integrates Roku, Tubi, and FOX One into Fox’s digital portfolio. Roku founder Anthony Wood will serve as co-president of the newly formed Fox Digital Platforms division alongside Tubi CEO Paul Cheesbrough. Fox aims to achieve approximately $400 million in annualized cost synergies within two years of the merger.
Entities
Anthony Wood · Fox Corporation · Lachlan Murdoch · Paul Cheesbrough · Roku · U.S. Department of Justice · US Department of Justice
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Fox committed to ensuring the Roku platform remains an open ecosystem for at least three years. columnadigital.com
- [● 3 SOURCES] Fox Corporation completed its acquisition of Roku for $22 billion. columnadigital.com · www.it-boltwise.de · businessnews.com.my
- [● 2 SOURCES] Existing Fox stockholders own approximately 74% of the combined company. pulse2.com · businessnews.com.my
- [○ 1 SOURCE] Anthony Wood will serve as co-president of the Fox Digital Platforms division. columnadigital.com
- [● 2 SOURCES] Roku shareholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock per share. pulse2.com · businessnews.com.my
- [● 3 SOURCES] The acquisition closed on November 6, 2026. www.merca20.com · columnadigital.com · businessnews.com.my
- [○ 1 SOURCE] Fox targets approximately $400 million in annualized cost synergies within two years. pulse2.com
- [○ 1 SOURCE] The US Department of Justice closed its antitrust investigation into the acquisition. businessnews.com.my