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2026-11-09 01:30 UTC → 2026-11-09 19:11 UTC ·
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Roku reported strong third-quarter earnings, with revenue reaching $1.5 billion and net income increasing 639 percent year-over-year. This financial growth occurred while the company was preparing for a Fox Corporation has finalized its $22 billion acquisition by Fox Corp. Fox CEO Lachlan Murdoch noted that of the merger had cleared regulatory hurdles outside streaming platform Roku, closing the United States and received shareholder approval, though it remained under deal on November 6, 2026. The transaction followed the conclusion of an antitrust review by the U.S. Department of Justice's antitrust division. Fox Corporation subsequently completed Justice. Under the $22 billion acquisition to expand its streaming market presence terms of the merger, Roku shareholders received $95.30 in cash and advertising capabilities. 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 obtain secure regulatory approval, Fox committed to keeping maintaining Roku as an “open ecosystem” distribution platform” for at least three years, pledging not to discriminate against third-party content from other companies. Following providers. The acquisition integrates Roku, Tubi, and FOX One into Fox’s digital portfolio. As part of the deal, new organizational structure, Roku founder Anthony Wood joined Fox will serve as co-president of the new newly formed Fox Digital Platforms division. division alongside Tubi CEO Paul Cheesbrough. Fox aims to achieve approximately $400 million in annualized cost synergies within two years of the merger.