# Fox Corporation and Roku merger

> Developing situation record from CLSTR: https://clstr.news/situations/fox-corporation-and-roku-merger
> Updated: 2026-10-14T19:57:23.000Z. Sources: 5. Developments: 2.

Fox Corporation has reported quarterly earnings that exceeded analyst expectations, with an adjusted earnings per share of $1.79 on revenue of $4.21 billion. Alongside these financial results, the company is progressing with its planned $22 billion acquisition of Roku.

Shareholders of both Fox Corporation and Roku Inc. have since approved the cash-and-stock transaction. Under the agreement, Roku stockholders will receive $96 in cash and 0.9693 shares of Fox Class A common stock for each share held. The merger is expected to result in Fox stockholders owning approximately 73 percent of the combined entity. 

The deal seeks to integrate Fox’s content, including live sports and the Tubi streaming service, with Roku’s operating system. The companies anticipate $400 million in annual run-rate cost synergies. The transaction is currently under review by the Department of Justice and is expected to close in the first half of 2027, pending regulatory approval.

## Timeline

### 2026-10-14: Fox and Roku shareholders approve $22 billion merger

Fox and Roku shareholders have approved a $22 billion merger, combining Fox's media content with Roku's streaming platform infrastructure.

3 sources. https://clstr.news/cluster/fox-and-roku-shareholders-approve-22-billion-merger

### 2026-09-22: Fox Corporation reports strong earnings and Roku deal progress

Fox Corporation reported quarterly earnings of $1.79 per share, beating estimates, while confirming its $22 billion acquisition of Roku remains on track for completion in early 2027.

2 sources. https://clstr.news/cluster/fox-corporation-reports-strong-earnings-and-roku-deal-progress

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