Date:	--/--/-- --:--:--
Event Id:	E5LBG3XL2
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	ROKU
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	96
Price Per Share Currency:	USD
News References:	https://www.sec.gov/Archives/edgar/data/1428439/000119312526377700/d413482ddefm14a.htm

Action Notes

Fox Corporation and Roku, Inc today announced they have entered into a definitive agreement under which FOX will acquire Roku for $160.00 per share in a combination of cash and FOX Class A common stock, valuing Roku at approximately $22 billion in enterprise value. FOX is acquiring Roku in a cash-and-stock transaction valued at $160.00 per ROKU share. FOX will pay $96.00 in cash and 0.9693 shares of FOX Class A common stock for each Roku Class A and Class B share outstanding immediately prior to the effective time of the merger. The stock consideration represents $64.00 per ROKU share based on a reference price of $66.03 per share, the 10-day volume-weighted average price of FOX Class A common stock as of June 10, 2026. Upon closing, existing FOX shareholders are expected to own approximately 73% of the combined company and Roku shareholders approximately 27%. The transaction has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to strengthen FOX's long-term growth profile, accelerate its digital strategy, be accretive to free cash flow per share by the second full year after closing, and achieve approximately $400 million of run-rate cost synergies with additional revenue upside.The transaction is expected to close in the first half of calendar year 2027. 9/1 Roku shareholders will vote on merger at special meeting 10/14/2026