Fox’s $22 Billion Roku Deal Approved by Shareholders of Both Companies was confirmed at special meetings on Oct. 14, when holders of Fox and Roku stock voted to advance the $22 billion cash-and-stock acquisition, according to Variety and Deadline.
Fox’s $22 Billion Roku Deal Approved by Shareholders of Both Companies shows the transaction moving past the shareholder hurdle after Fox reported that the proposal won overwhelming support from its Class B holders. Variety wrote that “99.9% of the votes cast by holders of outstanding Class B common stock entitled to vote were in favor,” with 197.4 million votes for, 71,891 against and 45,001 abstentions, citing a Fox SEC filing.
The deal, announced in June, would pay $160 per Roku share in a mix of about $96 in cash and the remainder in Fox Class A common stock; Deadline reported that on closing Fox shareholders would own roughly 73% of the combined company while Roku holders would own about 27%.
Both outlets said the transaction remains subject to regulatory review. Variety noted that Fox expects to complete the acquisition in the first half of calendar 2027, and that the U.S. Department of Justice had issued a second request for documents earlier, extending the Hart-Scott-Rodino waiting period while the companies respond.
Fox described the purchase as a strategic move to expand its footprint in free, ad-supported streaming by combining Fox’s Tubi with the Roku Channel and to scale its digital advertising business. Variety quoted Fox’s CEO Lachlan Murdoch at the June announcement saying the acquisition “will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile.”
Deadline reported the terms and the expected ownership split and noted company executives saying the transaction remains on track despite the DOJ information request; Fox Corp. President and COO John Nallen told investors last month that the DOJ’s request was “entirely expected,” per Deadline.
What happens next: with shareholder approval completed, the companies must still satisfy regulatory clearance and file final vote tallies with the SEC. Variety said Roku’s official vote tallies were expected to be filed with the SEC soon after the meetings.
Why it matters to pop culture: buying Roku would give Fox direct control of a platform that reaches roughly 100 million streaming households worldwide, boosting distribution for Fox shows and sports and enlarging its ad-supported streaming scale, an industry shift both outlets flagged when reporting the approvals.
Sources
- Variety — vote tallies, Fox statement, DOJ second-request detail and timing for expected close.
- Deadline — deal terms, ownership split, executive comments and context on regulatory review.
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