Fox and Roku shareholders approve $22 billion merger
The Justice Department has requested additional information about the deal, and its review is not finished.
By The Carnegie Standard Staff
· 1 min read
Shareholders of Fox Corporation and Roku have voted to approve Fox's $22 billion acquisition of the streaming platform, The Streamable reported on October 15, 2026. The two companies announced the agreement in June 2026.
Fox is paying $160 per share for Roku, and Fox stakeholders will hold roughly 73% of the combined business, according to the report. The purchase would give Fox control of the Roku operating system, which The Streamable said is installed in more than 100 million households worldwide, as well as the free ad-supported Roku Channel, the ad-free service Howdy and the low-cost live television service Frndly TV. Fox already owns Tubi, the Fox broadcast network, news and sports cable channels, and the streaming services Fox One and Fox Nation.
The vote is a step forward for Lachlan Murdoch, chief executive of Fox, but the transaction has not cleared regulators. The Department of Justice has sought additional information and has not completed its review, The Streamable reported.
Open questions include whether Fox will combine The Roku Channel with Tubi and whether it will retain Roku's device manufacturing operations, which account for a small share of Roku's revenue.
This story was first reported by The Streamable.
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