Fox Completes $22 Billion Roku Acquisition as Roku Shares Cease Nasdaq Trading

Fox Corporation has closed its $22 billion acquisition of Roku, finalizing a deal that creates one of the largest streaming businesses in the United States. Under the terms of the transaction, Roku shareholders received $95.30 per share in a combination of cash and Fox Class A common stock, against an original agreement struck in June 2026 at $160.00 per share in a cash-and-stock mix valuing Roku at approximately $22 billion in enterprise value. Roku shares ceased trading on the Nasdaq as of Friday.

The deal unites Fox's live sports, news, and entertainment programming, along with its free ad-supported streaming service Tubi, with Roku's connected TV platform, which reaches more than 100 million streaming households globally. Together, Tubi and Roku had accounted for 4.8% of total U.S. streaming viewership as of August, tying Disney's streaming share and trailing only Netflix and YouTube. When linear TV is included, the combined company accounted for 8.5% of total TV viewership, ranking it fourth behind YouTube, Skydance, and Disney.

Fox CEO Lachlan Murdoch indicated earlier this week that regulatory clearances outside the United States had been secured. Fox has committed to continuing to operate Roku as an open, partner-friendly platform and to maintaining broad distribution of Fox content across the ecosystem. The combined company is positioned as a third-largest player in U.S. streaming on a pro forma basis.