Fox Roku Acquisition Closes Creating Major Streaming Stack
Fox completes its Roku acquisition on Nov. 6, 2026, with 100 million plus households, about $400 million in synergies, and Roku shares delisted today.
Hakkı ALKANPublished 3 min read
Fox Roku acquisition was completed on Nov. 6, 2026, according to Fox Corporation's official release. Roku, Inc. is now part of FOX, and Roku shares stopped trading on Nasdaq today.
What does the Fox Roku acquisition change?
Fox Corporation says Roku's open platform will continue serving more than 100 million households worldwide. FOX now says it has a leading streaming business that includes Roku, Tubi, and FOX One.
Deadline reported on Nov. 6, 2026 that the deal closed ahead of the earlier H1 2027 window. The report also noted that the transaction closed in under five months after the June proposal and followed shareholder approval on Oct. 14, 2026.
What were the deal terms?
Roku stockholders receive $95.30 in cash plus 0.9799 shares of FOX Class A common stock for each Roku Class A or Class B share. At announcement, the deal was valued at about $22 billion, or roughly $160 per share in cash and stock.
Variety also covered the Nov. 6 close, underscoring that former Roku holders end up with about 26% of outstanding FOX common stock while FOX stockholders keep about 74%.
How did Fox frame the close?
In Fox Corporation's Nov. 6, 2026 release, Lachlan K. Murdoch framed the close as strengthening how FOX serves audiences and partners while keeping Roku open. Roku founder Anthony Wood will join the FOX board and serve as Co Chair of FOX Digital Platforms with Paul Cheesbrough.
Our Take
This is more than a deal close. FOX is folding a major distribution platform into a broader streaming stack, while Roku stays open to the wider industry. It sits alongside other media M&A shifts we have tracked, including the Letterboxd acquisition talks.
How is FOX organizing the new digital unit?
FOX Digital Platforms now includes Roku, Tubi, FOX One, Red Seat Ventures, and other digital products. Fox also expects about $400 million in run rate cost synergies within two years and says the deal should be accretive to free cash flow per share by the second full year after closing.
That platform push lands in a year when consumer apps keep stacking paid perks, including the Amazon Uber Eats Prime delivery deal.
Elsewhere in the consumer stack, Snapchat Plus subscriber growth shows how platforms keep monetizing attention outside pure ad video.
| Item | Details |
|---|---|
| Closing date | Nov. 6, 2026 |
| Consideration | $95.30 cash + 0.9799 FOX Class A shares per Roku share |
| Ownership after close | FOX stockholders about 74%, former Roku stockholders about 26% |
| Synergies | About $400 million run rate within two years |
| Trading status | Roku shares stop trading on Nasdaq today |
According to Fox Corporation's Nov. 6, 2026 release, Allen & Company LLC served as lead financial advisor to FOX, alongside Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC. Qatalyst Partners advised Roku, with Goodwin Procter LLP and Axinn, Veltrop & Harkrider LLP on legal.