Fox Corporation (FOX) completed its acquisition of Roku on 6 November 2026, ending nearly five months of regulatory review. Roku shares stopped trading on Nasdaq once the deal closed, as first reported by The Washington Post.
The transaction values Roku at roughly $22bn, with Fox paying $160.00 per share in cash and stock, according to Fox’s own filing confirming the terms first set out when the deal was announced in June 2026.
How the Fox Roku acquisition was structured
Roku stockholders received $95.30 in cash plus 0.9799 Fox Class A shares for every Roku share held, leaving former Roku investors owning approximately 26% of the combined company, according to TheWrap.
Fox confirmed the closing in a Form 8-K filed with the US Securities and Exchange Commission, stating the report was filed “in connection with the completion” of the previously announced acquisition on the same date, the filing shows.
Roku founder and chief executive Anthony Wood is joining Fox’s board and taking an ongoing role at the enlarged group, under terms disclosed in Roku’s own 8-K around the closing. Fox chief executive Lachlan Murdoch said the deal’s completion “advances the long-term strategy of Fox,” according to The Hollywood Reporter.
Antitrust strings attached
Fox gave undertakings to US regulators as part of the clearance, committing to carry rival media companies’ content on Roku’s platform for at least three years and not to discriminate against competitors using the service, the Post reported. The commitment addresses concerns that a broadcaster-owned streaming gateway could favour its own channels over rivals.
The combination brings together Roku’s device and advertising platform with Fox’s existing streaming assets, Tubi and Fox One. Tubi and Roku together accounted for 4.8% of US streaming viewership in August, matching Disney’s share and trailing only Netflix and YouTube, per Nielsen data cited by TheWrap.
Results and market reaction
The close lands days after Fox reported diluted earnings per share of $2.20 on revenue of $4.571bn for its fiscal first quarter ended 30 September 2026, filed with the SEC on 2 November, the 10-Q shows. That quarterly profit figure compares with $0.38 a share in the equivalent period a year earlier.
Fox shares traded at $59.50 as of 21:00 UTC on 6 November, up 0.25% on the day and 4.57% higher over the prior 20 trading sessions, with volume running roughly 2.09 times the 20-day average as the deal closed. FINRA short-sale data show the daily short ratio for Fox falling from 0.524 on 2 November to 0.375 on the day of completion, consistent with reduced short-selling pressure around the event, according to FINRA figures.
A cluster of Fox insider Form 4 filings — covering reporting persons Abbott, Burck and Ryan alongside issuer filings — landed in a tight window late on 5 November, the evening before the deal closed, SEC records show. The filings do not individually reference Roku, but the timing coincides with the transaction’s completion.
What happens next
Attention now turns to integration: folding Roku’s device and advertising business into Fox’s existing Tubi and Fox One streaming operations while honouring the three-year carriage commitment given to regulators. Wood, in comments carried by Yahoo Finance, said the mission of serving television viewers “doesn’t change today,” while pointing to the “reach and resources” Fox brings to the combined business.
Fox’s next scheduled quarterly filing will give the first indication of how Roku’s device economics and advertising revenue are reported inside the enlarged group, alongside any update on the board composition following Wood’s appointment.
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