Monitor regulatory clearance under HSR Act and other antitrust laws, as well as Fox stockholder vote on the stock issuance. The deal transforms Fox's digital strategy by adding Roku's streaming platform, but integration risks and potential divestiture requirements could affect timing and value.
Price Chart
Executive Summary
Fox Corp announced a definitive agreement to acquire Roku, Inc. for $96.00 per share in cash plus 0.9693 Fox Class A shares per Roku share. The deal is supported by Roku's founder/CEO Anthony Wood (controlling ~55% voting power) and Fox has secured a $12 billion bridge loan commitment. The transaction is expected to close by June 14, 2027, subject to regulatory and stockholder approvals.
Key Financial Metrics
Key Facts
- Fox to acquire Roku for $96.00 cash + 0.9693 Fox Class A shares per Roku share
- Anthony Wood and related trusts (~55% voting power) entered into a voting agreement to support the deal
- Fox secured a $12 billion 364-day senior unsecured bridge term loan facility from Morgan Stanley
- Mutual termination fee of $866,084,000; Fox must pay $1,237,262,000 regulatory termination fee under certain conditions
- Transaction expected to close by June 14, 2027, with possible extensions to March 14, 2028 for regulatory proceedings
Financial Impact
Per-share consideration of $96.00 cash plus 0.9693 Fox Class A shares; Fox arranged $12 billion bridge loan to fund cash portion; termination fees of $866M (mutual) and $1.237B (regulatory)
Risk Factors
- Regulatory antitrust review may require divestitures or impose conditions
- Integration of Roku's platform and culture with Fox's operations
- Fox stockholder approval required for stock issuance; Roku stockholder approval required
- Financing risk if bridge loan is not replaced with permanent financing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-271101 |
| Document: d67132dex101.htm | 0001193125-26-271101 |
| Document: d67132d8k.htm | 0001193125-26-271101 |
| Document: 0001193125-26-271101-index-headers.html | 0001193125-26-271101 |
| Document: 0001193125-26-271101-index.html | 0001193125-26-271101 |
| Document: 0001193125-26-271101.txt | 0001193125-26-271101 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | EFFECT | $67.55 $62.65 | ▼ −7.25% | ▼ −6.92% | $62.28 (−7.80%) |
Aug 10, 2026 7w ago | S-3ASR | $63.42 $65.23 | ▲ +2.85% | ▲ +3.77% | $62.28 (−1.80%) |
Aug 10, 2026 7w ago | 425 | $63.42 $65.23 | ▲ +2.85% | ▲ +3.77% | $62.28 (−1.80%) |
Aug 6, 2026 8w ago | 8-K | $61.79 $67.71 | ▲ +9.58% | ▲ +8.98% | $62.28 (+0.79%) |
Jun 30, 2026 13w ago | 425 | $54.13 $58.95 | ▲ +8.90% | ▲ +11.09% | $62.28 (+15.06%) |
Jun 30, 2026 13w ago | 8-K | $54.13 $58.95 | ▲ +8.90% | ▲ +11.09% | $62.28 (+15.06%) |
Jun 15, 2026 15w ago | 425 | $52.34 $54.87 | ▲ +4.83% | ▲ +4.63% | $62.28 (+18.99%) |
Jun 15, 2026 15w ago | 8-K | $52.34 $54.87 | ▲ +4.83% | ▲ +4.63% | $62.28 (+18.99%) |
Jun 15, 2026 15w ago | 425 | $54.76 $55.90 | ▲ +2.08% | ▲ +2.83% | $62.28 (+13.73%) |
Jun 15, 2026 15w ago | 8-K | $54.76 $55.90 | ▲ +2.08% | ▲ +2.83% | $62.28 (+13.73%) |
US Market Status
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