Fox to acquire Roku for $160/share in $22B cash-and-stock deal

Filed June 15, 2026 · Period ending June 14, 2026 · ~2 min read

Key Changes

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  Fox Corporation will acquire Roku for $160 per share—$96 cash plus 0.9693 Fox Class A shares—valuing the company at $22 billion enterprise value. Roku shareholders will own ~27% of the combined entity.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Roku founder Anthony Wood and affiliated entities holding ~55% of voting power signed agreements to vote for the merger, significantly increasing likelihood of shareholder approval.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Fox secured $12 billion in committed bridge financing from Morgan Stanley for the cash portion, expecting 2.8x pro forma net leverage at close and $400 million in run-rate cost synergies.

  Exhibit 99.1 view on EDGAR →