Roku, Inc (ROKU) · Nov 6, 2026 · Acquisition
Acquisition closed — 0.9799 FOX shares + $95.30 cash per Roku share
Roku’s acquisition by Fox has closed, ending Roku’s Nasdaq listing and converting shareholders into Fox stock plus cash.
Roku entered this closing as a streaming-platform business increasingly focused on monetizing its audience through advertising; its latest shareholder materials described building a diversified advertising business. The acquisition is now legally complete, not merely announced. Fox’s two-step merger closed on November 6, 2026, making Roku a wholly owned Fox subsidiary and renaming the surviving entity Roku, LLC. 〔0〕
| Deal terms | November 6, 2026 | June 14, 2026 announced |
|---|---|---|
| Cash per Roku share (Merger Consideration) | $95.30 | $96.00 |
| FOX Class A shares per Roku share (Merger Consideration) | 0.9799 | 0.9693 |
The economics were already the market’s standing assumption. The transaction was announced on June 14, 2026, with the original consideration set at $96.00 in cash plus 0.9693 FOX shares per Roku share; the closing filing shows a modestly adjusted mix—$95.30 cash plus 0.9799 FOX shares—after accounting for dissenting shares. The filing does not present this as a new strategic decision or renegotiation, so the closing itself adds little surprise. 〔1〕
Roku’s independent corporate identity ends with the closing. Existing Roku shareholders no longer retain Roku stockholder rights beyond receiving the merger consideration, while the Nasdaq listing will be halted before trading opens on November 9, 2026. 〔2〕 〔3〕
Management and governance have been fully absorbed into Fox’s structure. Roku’s directors resigned, its prior executive officers ceased to be officers, and Fox’s merger-subsidiary managers and officers became the leaders of the surviving company. 〔4〕 The termination of Roku’s credit agreement is routine transaction cleanup, especially because no borrowings were outstanding at closing. 〔5〕
Bottom line: This filing completes the previously disclosed Fox acquisition and removes Roku as an independent public company. It is decisive for Roku’s corporate status, but not a new development for expectations because the transaction and its broad terms were already public.**
Trading halt and Form 15 deregistration, November 9, 2026
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