Fox and Roku Shareholders Approve Proposed $22B Roku Acquisition, Targeting H1 2027 Close

Shareholders for both Fox Corp. and Roku voted at separate special meetings on Wednesday to approve Fox's proposed $22B acquisition of the streaming-video platform. According to an SEC filing by Fox, 99.9% of the votes cast by holders of outstanding Class B common stock favored the agreement, with 197.4M shares for, 71,891 against, and 45,001 abstaining. Announced in June, the agreement values Roku at $160 per share through a combination of about $14.2B in cash and the remainder in Fox Class A common stock. Fox expects the transaction to close in the first half of calendar year 2027, subject to clearance by the Justice Department and other regulators following a second DOJ request for documents last month that extended the Hart-Scott-Rodino waiting period. The proposed acquisition would combine Fox's Tubi with the Roku Channel and expand Fox's reach across digital video advertising and premium subscription VOD distribution, while Roku founder and CEO Anthony Wood is set to maintain an ongoing role. "will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile," — Lachlan Murdoch, CEO of Fox Corp.