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Fox completes its roughly $22 billion acquisition of Roku on November 6, well ahead of the 2027 date first expected; Roku shares stop trading
Fox closed its roughly $22 billion Roku acquisition on Nov. 6, well ahead of the expected 2027 date. Roku shares stopped trading; final terms differ from June.
This one is done, not pending. Fox Corporation completed its acquisition of Roku on November 6, 2026, an SEC filing by Roku confirms. The deal, valued at about $22 billion, was announced in June with closing expected in the first half of 2027, so it closed in under five months. Roku shares stopped trading on Nasdaq. The terms paid at closing differ slightly from the June headline terms.
The essentials
- What happened: Fox completed the Roku acquisition on November 6, 2026; Roku's own Form 8-K says it closed that day.
- Timing: the deal was announced on June 15, 2026 with closing expected in the first half of 2027, so it closed months early.
- Terms at closing: Deadline reports Roku holders receive $95.30 in cash plus 0.9799 Fox Class A shares per Roku share. The June terms were $96 in cash plus 0.9693 shares. We did not establish why they changed.
- What changes: Roku founder Anthony Wood joins Fox's board and co-chairs Fox Digital Platforms, which houses Roku, Tubi, Fox One and Red Seat Ventures; Mustafa Ozgen leads Roku.
What did Fox and Roku promise?
Both said Roku will remain an open platform that carries rival providers' content, reaching more than 100 million households. At announcement Fox targeted about $400 million in annual cost savings and said the deal should add to free cash flow per share by the second full year after closing.
What about regulators?
The Hollywood Reporter notes the US Justice Department was reviewing the deal in September and has evidently cleared it. Deadline lists a separate piece on why the department approved it; we did not read it, so we do not describe its commitments here.
What is not established
- Why the closing terms differ from the June terms: not established here.
- What the Justice Department's conditions or commitments are: not read here.
- How the combined business will perform: Fox said revenue upside is possible, which is a company expectation, not a result.
- How Roku's relationships with Fox's competitors will evolve: untested.
Summary table
| Point | What is stated as of November 7, 2026 | Source |
|---|---|---|
| Closing date | November 6, 2026 | SEC (Roku Form 8-K) |
| Announced | June 15, 2026; closing expected in H1 2027 | The Hollywood Reporter |
| Value | About $22 billion | Variety |
| Per-share terms at closing | $95.30 cash plus 0.9799 Fox Class A shares | Deadline |
| Leadership | Anthony Wood to Fox board; Mustafa Ozgen leads Roku | Variety |
FAQ
Is the Fox-Roku deal final?
Yes. Fox and Roku say it closed on November 6, 2026, and Roku shares stopped trading.
Was it really ahead of schedule?
Yes. It was announced in June with closing expected in the first half of 2027.
Will Roku stay open to rival services?
Fox and Roku said it will remain an open platform; that is a stated commitment, not a tested outcome.
Method and limits
Sources checked on November 7, 2026. We read Variety, Deadline, The Hollywood Reporter and Roku's Form 8-K summaries as returned in search results; we did not read the full filings or the Justice Department's explanation. This is not investment advice.
Sources
- Variety: Fox Closes $22 Billion Roku Takeover, Says Streaming Platform Will Remain Open Ecosystem (verified 2026-11-07)
- Deadline: Fox Corp. Closes $22 Billion Acquisition Of Roku (verified 2026-11-07)
- The Hollywood Reporter: Fox Closes Roku Deal, Creating New Streaming Power Player (verified 2026-11-07)
- SEC (Roku Form 8-K): Roku, Inc. Form 8-K, completion of acquisition by Fox Corporation (verified 2026-11-07)
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