MergerJun 15, 2026, 04:17 PM
Fox Corp to Acquire Roku for $96 Cash and Stock
AI Summary
Fox Corporation announced its definitive agreement to acquire Roku, Inc. through a two-step merger. Under the terms, Roku shareholders will receive $96.00 in cash and 0.9693 shares of Fox Class A common stock for each share of Roku common stock they own. The agreement also includes provisions for the treatment of Roku's equity awards and options, and Fox Corp has agreed to appoint a Roku-designated individual to its Board of Directors post-closing. Both companies have committed to using their best efforts to complete the transaction, which may involve divestitures.
Key Highlights
- Fox Corp to acquire Roku in a two-step merger.
- Roku shareholders to receive $96.00 cash and 0.9693 shares of Fox Class A common stock per share.
- The exchange ratio and cash consideration may be adjusted based on dissenting shares.
- Fox Corp will add one Roku-designated individual to its Board of Directors post-merger.
- Both companies agreed to use best efforts to consummate the transaction, including potential divestitures.
- Roku's equity awards and options will be converted into merger consideration or cash awards.
Price Impact
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