Fox’s $22 Billion Roku Deal Approved by Shareholders of Both Companies
Shareholders of Fox Corporation and Roku have approved a cash-and-stock transaction valued at approximately $22 billion to acquire the connected television platform. The vote clears a primary condition for the deal, allowing Fox to integrate Roku's hardware and streaming distribution. Fox holders represented 197 million Class B shares during the vote on stock issuance for the purchase. The acquisition aims to increase Fox's capabilities in digital advertising and streaming infrastructure.
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- ✓ Shareholders of Fox Corp. and Roku approved the $22 billion acquisition of Roku.
- ✓ The transaction is valued at approximately $22 billion in enterprise value.
- ✓ The deal consists of a cash-and-stock transaction.
- ✓ Fox holders represented 197 million Class B shares in the vote regarding stock issuance for Roku.
What changed
Shareholders for both companies officially voted to approve the $22 billion acquisition.
Live updates
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Fox Shareholders Approve $22 Billion Roku Acquisition
Shareholders of Fox Corporation and Roku have approved a cash-and-stock transaction valued at approximately $22 billion to acquire the connected television platform. The vote clears a primary condition for the deal, allowing Fox to integrate Roku's hardware and streaming distribution. Fox holders represented 197 million Class B shares during the vote on stock issuance for the purchase. The acquisition aims to increase Fox's capabilities in digital advertising and streaming infrastructure.
Why it matters
This merger combines a major media conglomerate with a leading TV platform provider. By owning Roku, Fox gains direct control over connected television hardware and distribution channels. The deal shifts Fox's strategic position in the digital advertising market.
What is confirmed
- Shareholders of Fox Corp. and Roku approved the $22 billion acquisition of Roku.
- The transaction is valued at approximately $22 billion in enterprise value.
- The deal consists of a cash-and-stock transaction.
- Fox holders represented 197 million Class B shares in the vote regarding stock issuance for Roku.
Still unconfirmed
- Roku's Legal Chief may share in a $13 million bonus pool related to the acquisition.
What to watch next
- Regulatory approval from government agencies
- Final closing date of the transaction
- Integration plans for Roku hardware into Fox's advertising ecosystem
confidence 100%Sources used for this update (17)
- www.thewrap.com — TheWrap - Your trusted source for entertainment breaking news
- deadline.com — Deadline - Hollywood Entertainment Breaking News
- www.investing.com — Investing.com - Stock Market Quotes & Financial News
- Variety — Fox’s $22 Billion Roku Deal Approved by Shareholders of Both Companies
- Deadline — Shareholders Approve Fox’s $22 Billion Roku Acquisition
- Law.com — Roku's Legal Chief Could Share in $13M Bonus Pool Amid Planned Fox Acquisition
- Stock Titan — 197M Class B shares were represented as Fox (FOX) holders voted on stock issuance for Roku.
- Yahoo Finance — Dear Roku Stock Fans, Mark Your Calendars for October 14
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- theankler.com — The Future of Entertainment 25: New Stars, Studios & Storytellers - The Ankler
- cordcuttersnews.com — Approved! Shareholders Approve FOX Buying Roku for $22 Billion | Cord Cutters News
- TheDesk.net — Shareholders of Fox, Roku approve $22 billion takeover deal | TheDesk.net
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