Fox Completes Roku Acquisition
Fox completes Roku acquisition, reshaping Fox's capital base through cash-and-stock consideration and prompting investor shifts around streaming assets.
KEY TAKEAWAYS
- Each Roku share was exchanged for $95.30 cash plus 0.9799 Fox Class A shares.
- Former Roku holders owned about 26% of Fox's outstanding common stock after closing.
- Roku shares ceased trading on Nasdaq and the platform joins Fox's Tubi distribution footprint.
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Fox Corporation completed its acquisition of Roku on Nov. 6, 2026, integrating Roku’s streaming platform into its portfolio alongside Tubi. The company said the combination will expand its distribution and monetization capabilities.
Consideration and Ownership
Fox said in a Nov. 6, 2026, release that each Roku Class A and Class B share was exchanged for $95.30 in cash plus 0.9799 Fox Class A shares. After closing, former Roku shareholders owned about 26% of Fox’s outstanding common stock, while existing Fox shareholders held roughly 74%. Roku shares ceased trading on Nasdaq as of that date.
Scale and Distribution Reach
The release described the transaction as creating "an innovative scaled media and technology company with superior reach, engagement and monetization capabilities." Roku’s open distribution platform will continue serving more than 100 million households worldwide, providing access to thousands of apps and channels across the streaming-TV ecosystem. This expands Fox’s distribution footprint alongside its ad-supported Tubi business. Fox’s most recent public financial disclosure before closing was its first-quarter fiscal 2027 results for the three months ended Sept. 30, 2026, reported on Nov. 2, 2026.
