Fox and Roku Shareholders Approve $22 Billion Merger

Shareholder votes remove a key hurdle as the companies prepare to respond to a Justice Department information request that must be cleared before the deal can close.

Overview

Fox and Roku investors approved the transaction at separate special meetings on Wednesday, October 14, 2026, with Fox reporting 99.9% of Class B votes in favor and Roku set to file final tallies with the SEC.
The deal values Roku at $160 per share and will be paid with about $14.2 billion in cash and the remainder in Fox Class A stock, leaving Fox holders roughly 73% and Roku holders about 27% of the combined company.
Regulatory clearance is the main remaining obstacle after the votes because the U.S. Department of Justice issued a Hart‑Scott‑Rodino 'second request' in September that extends the waiting period until the companies substantially comply.
Fox says the merger will combine Roku’s distribution and The Roku Channel with Fox’s content and Tubi to expand free, ad‑supported streaming reach and grow its digital advertising inventory, citing about 100 million streaming households on Roku and roughly 110 million monthly users for Tubi.
Roku founder and CEO Anthony Wood is expected to keep an ongoing role and join the combined board, and the companies are targeting a close in the first half of 2027 if regulators grant antitrust clearance and customary closing conditions are met.