M&A
confidence high
sentiment neutral
materiality 1.00
Fox to acquire Roku for $96 cash + 0.9693 shares; pro forma revenue $22B
Fox Corp
- Consideration: $96.00 cash + 0.9693 FOX Class A shares per Roku share; Roku becomes wholly-owned subsidiary.
- Financing: $12B bridge facility, cut to $11B after $1B term loan; expects permanent senior unsecured debt.
- Pro forma combined FY2026 revenue $22.0B, net income $618M, diluted EPS $1.05.
- Roku historical revenue $5.209B for twelve months ended June 30, 2026; goodwill est. $12.8B.
- Joint proxy/prospectus dated Aug 7, 2026; closing subject to regulatory approvals.