Overview
- Fox completed the purchase Friday, taking Roku private and ending Roku’s Nasdaq trading after winning shareholder approval and U.S. regulatory clearance.
- Under the merger terms, former Roku holders receive $95.30 in cash plus 0.9799 Fox Class A shares per Roku share, leaving Fox shareholders with about 74% of the combined company and former Roku holders with about 26%.
- Roku founder Anthony Wood will join Fox’s board and serve as co‑chair of a new Fox Digital Platforms unit alongside Paul Cheesbrough, who will lead the division that houses Roku, Tubi, Fox One, Red Seat Ventures and other digital assets.
- Fox projects roughly $400 million of annualized cost synergies within two years and expects the deal to be accretive to free cash flow per share by the second full year, a target that raises questions about potential job cuts and team reorganizations.
- The acquisition pairs Roku’s platform that reaches more than 100 million households with Fox’s content and ad sales, positioning the company to expand connected‑TV ad targeting and challenge larger streaming rivals while pledging to keep Roku an open ecosystem for third‑party services.