FOXA · 8-K · 20261106PR451888

Roku Acquisition

Fox Corp · 2026-11-06 · Importance 65 · Surprise 60 · In source text

FOX completed its acquisition of Roku, combining FOX’s sports, news and local programming with Roku’s connected-TV platform, which reaches more than 100 million households worldwide. FOX said the transaction expands its business mix toward streaming and connected TV and expects approximately $400 million of run-rate cost synergies within two years after closing. The company expects the transaction to be accretive to free cash flow per share by the second full year after closing. Roku, Tubi, FOX One, Red Seat Ventures and other digital businesses will be included in the newly formed FOX Digital Platforms division.

Key facts

• Fox Corp expects approximately $400 million of run-rate cost synergies within two years following the transaction close. source
• Fox Corp anticipates the transaction will be accretive to free cash flow per share by the second full year after closing. source
• Fox Corp completed its acquisition of Roku, Inc. on November 6, 2026. source
• Roku stockholders are entitled to receive $95.30 in cash and 0.9799 shares of Fox Corp Class A common stock for each share of Roku Class A or Class B common stock owned immediately before closing. source
• Roku shares ceased trading on Nasdaq on November 6, 2026, following completion of Fox Corp’s acquisition. source
• Following the acquisition, Fox Corp stockholders own approximately 74% of Fox Corp’s outstanding common shares and former Roku stockholders own approximately 26%. source
• Fox Corp identified integration of Roku and realization of anticipated synergies and other benefits within the anticipated time frame as risks to the transaction’s expected benefits. source

Impact estimates