# Fox Corporation acquisition of Roku

> Developing situation record from CLSTR: https://clstr.news/situations/fox-corporation-acquisition-of-roku
> Updated: 2026-11-08T01:33:40.000Z. Sources: 12. Developments: 2.

Fox Corporation has finalized its $22 billion acquisition of the streaming platform Roku, closing the deal on November 6, 2026. The transaction followed the conclusion of an antitrust review by the U.S. 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 approximately 74% of the combined company, while former Roku investors hold roughly 26%.

To secure regulatory approval, Fox committed to maintaining Roku as an “open distribution platform” for at least three years, pledging not to discriminate against third-party content providers. The acquisition integrates Roku, Tubi, and FOX One into Fox’s digital portfolio. 

As part of the new organizational structure, 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.

## Claims

- Fox Corporation completed its acquisition of Roku for $22 billion. (reported by 3 sources)
- The acquisition closed on November 6, 2026. (reported by 3 sources)
- Roku shareholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock per share. (reported by 2 sources)
- Existing Fox stockholders own approximately 74% of the combined company. (reported by 2 sources)
- Fox targets approximately $400 million in annualized cost synergies within two years. (reported by 1 source)
- The US Department of Justice closed its antitrust investigation into the acquisition. (reported by 1 source)
- Fox committed to ensuring the Roku platform remains an open ecosystem for at least three years. (reported by 1 source)
- Anthony Wood will serve as co-president of the Fox Digital Platforms division. (reported by 1 source)

## Timeline

### 2026-11-08: Fox Corporation completes $22 billion acquisition of Roku

Fox Corporation has completed its $22 billion acquisition of Roku, integrating the streaming platform to expand its digital presence and targeting $400 million in annual cost savings.

5 sources. https://clstr.news/cluster/fox-corporation-acquires-roku-for-22-billion

### 2026-11-02: Roku reports strong Q3 earnings amid pending Fox merger

Roku surpassed Q3 expectations with $1.5 billion in revenue and $183 million in net income as its $22 billion merger with Fox awaits U.S. regulatory approval.

7 sources. https://clstr.news/cluster/roku-reports-strong-q3-earnings-amid-pending-fox-merger

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Cite as: Fox Corporation acquisition of Roku. CLSTR, https://clstr.news/situations/fox-corporation-acquisition-of-roku