Mergers & Acquisitions ·
Fox Corp completes $14.1B acquisition of Roku, borrowing $10.4 billion in debt
FOXFox Corp
Fox Corporation completed its previously announced acquisition of Roku, Inc., on November 6, 2026. Former Roku stockholders received $95.30 in cash and 0.9799 shares of Fox Class A common stock for each Roku share held. The transaction required approximately $14.1 billion in aggregate cash consideration and the issuance of roughly 144.5 million new Fox shares. To fund the deal, Fox borrowed $2.0 billion under an amended term loan agreement and $8.4 billion via a bridge credit facility maturing in 364 days. Additionally, Fox established a $1.5 billion revolving credit facility. Roku founder Anthony Wood joined the board as Co-Chair of FOX Digital Platforms. The combined entity aims to achieve $400 million in annual cost synergies within two years.