Fox Completes $22 Billion Roku Acquisition

Skip to content Roku stock will cease trading on the Nasdaq November 6, 2026 @ 6:30 AM Justin Sullivan/Getty Images Fox has completed its $22 billion acquisition of Roku, which will cease trading on the Nasdaq starting Friday. The deal accelerates the media giant’s digital strategy and expands its business by bringing its live sports, news and local programming to Roku’s open connected TV platform reaching more than 100 million streaming households. Fox expects $400 million in cost savings within the first two years of the deal and that it will be accretive to free cash flow per share by the second full year after closing. “The closing of this acquisition advances the long-term strategy of FOX. Beginning today, our top priority for the combined company is to continue to relentlessly serve audiences and partners, while reinforcing the openness and choice that is the essence of the Roku platform,” Fox CEO Lachlan Murdoch said in a statement. “Our shared entrepreneurial passion and clear conviction toward building the future together with our new Roku colleagues gives us great confidence in the opportunities ahead of us.” Under the terms of the merger, Roku stockholders are entitled to receive $95.30 in cash and 0.9799 shares of Fox Class A common stock for each share of Roku Class A and Roku Class B common stock they owned immediately prior to closing. Former Roku shareholders own approximately 26% of Fox’s outstanding shares, while Fox’s shareholders own the remaining 74%. More to come…