Fox Corporation Completes Acquisition of Roku, Inc. for ~$14.1B and Secures Financing

Fox Corporation announced the completion of its acquisition of Roku, Inc. on November 6, 2026. The transaction was a cash and stock deal, with Fox issuing approximately 144.5 million shares and paying approximately $14.1 billion in cash to former Roku stockholders. To fund the cash portion of the merger, Fox entered into new credit agreements, borrowing a total of $10.4 billion.

Key Details

• Merger Consideration: Each share of Roku common stock was converted into the right to receive 0.9799 of a share of FOX Class A Common Stock and $95.30 in cash.
• Financing: To fund the transaction, FOX borrowed $2.0 billion under an Amended and Restated Term Loan Agreement and $8.4 billion under a new Bridge Credit Agreement, totaling $10.4 billion in new debt.
• Board Appointment: In connection with the closing, Anthony Wood, the former Chairman, President, and CEO of Roku, was appointed to the FOX Board of Directors. He will also serve as Co-Chair of FOX Digital Platforms.