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Shareholders greenlight Fox’s $22 billion acquisition of Roku

Shareholders greenlight Fox’s $22 billion acquisition of Roku

As expected, shareholders have approved Fox’s takeover of Roku, clearing a key hurdle in the acquisition process.

David Satin
David Satin has been a dedicated News Writer at The Streamable since 2022, covering a wide range of stories in the entertainment and streaming industries. With years of experience writing online, David previously worked as a list writer for Screen Rant, where he gained recognition for his extensive coverage of sci-fi and fantasy genres. His ability to break and analyze major stories has made him a trusted voice in the streaming world. Over the course of his career, Satin has become an integral part of The Streamable team, contributing to some of the most impactful stories in the industry.
Read full bio ›
David Satin
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Known for breaking major streaming stories, he’s covered everything from Netflix policy shifts to Peacock’s ad-tier changes. A sci-fi fan and Toshiba Fire TV user, he brings sharp analysis and a love for the genre to his reporting.
Known for breaking major streaming stories, he’s covered everything from Netflix policy shifts to Peacock’s ad-tier changes. A sci-fi fan and Toshiba Fire TV user, he brings sharp analysis and a love for the genre to his reporting.

Fox is drawing closer to finalizing its massive, $22 billion deal to purchase Roku. The two companies first announced their agreement in June, but investors have not officially given the transaction their thumbs-up until now. Shareholders from both Fox and Roku have voted to approve the purchase, pushing the deal closer to finalization.

Key Details:

  • We say yes: Shareholders from Fox and Roku have approved Fox’s purchase of Roku.
  • Chunk of change: Fox will pay $160 per share to acquire Roku.
  • Still checking: The Department of Justice is still reviewing the deal.

There was no expectation of a shareholder revolt from either Fox or Roku regarding the acquisition, but the official vote of approval is still a key step forward for Fox CEO Lachlan Murdoch. It puts the Roku operating system, which is present in more than 100 million households around the world, almost in his company’s grasp.

Fox will pay $160 per share to acquire Roku, and Fox stakeholders will own around 73% of the merged business. The transaction will bring the free streaming services The Roku Channel and Tubi under the same roof, and Fox will also be acquiring the low-cost, ad-free streamer Howdy and the budget live TV streaming service Frndly TV, both of which Roku currently controls. Fox also owns the Fox broadcast channel, a portfolio of news and sports cable channels, and streamers Fox One and Fox Nation.

There are plenty of unanswered questions about the deal, including whether Fox will merge The Roku Channel and Tubi, and whether or not it will keep the device manufacturing arm of Roku, which makes up a relatively small part of the company’s overall revenue.

It’s still not 100% certain that the deal will be allowed to close. The Department of Justice has asked for more information regarding the deal, and its inquiry has not yet finished. Given its permissive attitude toward M&A in general, the current DOJ is unlikely to try to stop Fox’s acquisition of Roku, but the deal isn’t 100% across the finish line yet.

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Fox One

Launched August 21, 2025, Fox One is a direct-to-consumer streaming service from Fox Corporation. Billed as a “major digital initiative,” Fox One brings together the full range of Fox’s leading news, sports, and entertainment brands, offering live and on-demand access in one unified platform.

…

For the first time, cord-cutters and cord-nevers can stream the complete FOX portfolio for $19.99 per month ($199.99 annually), including FOX News, FOX Business, FOX Weather, FOX Sports, FS1, FS2, BTN, FOX Deportes, local FOX stations, and the FOX broadcast network. Viewers also have the option to bundle FOX Nation content directly within the platform for $24.99 per month ($239.88 annually).

Fox One features a dynamic mix of programming, from popular FOX shows like “The Masked Singer,” “911: Lone Star,” and “Next Level Chef” to live coverage of major sporting events, breaking news, and in-depth business reporting. The platform leverages cutting-edge personalization technology, offering a seamless experience that adapts to individual viewing preferences and integrates live and on-demand content cohesively.

Fox was also the official home of the FIFA World Cup for 2026, covering all 104 matches throughout the tournament across Fox and FS1.

Fox One is accessible across all major streaming devices and smart TVs. More updates and details about the platform are available at fox.com/foxone.

With its premium Fox-branded content, advanced streaming technology, and flexible viewing options, Fox One is a major destination for fans of live news, sports, and entertainment.

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$19.99+ / month
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David Satin
David Satin has been a dedicated News Writer at The Streamable since 2022, covering a wide range of stories in the entertainment and streaming industries. With years of experience writing online, David previously worked as a list writer for Screen Rant, where he gained recognition for his extensive coverage of sci-fi and fantasy genres. His ability to break and analyze major stories has made him a trusted voice in the streaming world. Over the course of his career, Satin has become an integral part of The Streamable team, contributing to some of the most impactful stories in the industry.
Read full bio ›
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