secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2026-06-15T11:13:08+00:00
Accession:  0001193125-26-270285
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox to acquire Roku for $160/share, ~$22B enterprise value, close expected H1 2027
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- Transaction values Roku at $160 per share ($96 cash + 0.9693 FOX shares), with total enterprise value of ~$22B.
- Upon close, Fox shareholders expected to own ~73% of combined company; Roku shareholders ~27%.
- Expected to generate ~$400M run-rate cost synergies; accretive to free cash flow per share by second full year post-close.
- Fox obtained $12B fully committed bridge financing from Morgan Stanley; target pro forma net leverage ~2.8x.
- Roku founder/CEO Anthony Wood will have ongoing role and join Fox board; deal unanimously approved by both boards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526270285/0001193125-26-270285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526270285/d151410d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-270285

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