---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-451888"
form_type: "8-K"
ticker: "FOXA"
cik: "0001754301"
company_name: "Fox Corp"
filed_at: "2026-11-06T21:21:54+00:00"
generated_at: "2026-11-06T21:23:04.892256+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.92
calibrated_materiality_score: 0.92
confidence: "high"
source: SEC EDGAR
---

# FOX closes Roku acquisition; Roku holders get $95.30 cash plus 0.9799 FOXA, ~$14.1B cash paid

## Summary
- Roku stockholders received $95.30 in cash and 0.9799 shares of FOX Class A stock per share; FOX issued ~144.5 million shares and paid ~$14.1 billion in cash.
- FOX funded the deal with $2.0B under an upsized term loan (raised from $1.0B) and $8.4B under a 364-day bridge facility, both agented by Morgan Stanley.
- Also signed a new $1.5B five-year unsecured revolver (upsizable to $2.25B) maturing Nov. 6, 2031; ~$29M of letters of credit issued, no borrowings drawn.
- FOX expects ~$400 million of run-rate cost synergies within two years and free-cash-flow-per-share accretion by the second full year after close.
- Roku founder Anthony Wood joins FOX's board (expanded to eight directors) and serves as Co-Chair FOX Digital Platforms with Paul Cheesbrough as Co-Chair and CEO.

## SEC filing metadata
- accession: 0001193125-26-451888
- form_type: 8-K
- ticker: FOXA
- cik: 0001754301
- company_name: Fox Corp
- filed_at: 2026-11-06T21:21:54+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.92
- calibrated_materiality_score: 0.92
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754301/000119312526451888/0001193125-26-451888-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754301/000119312526451888/d141597d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-451888
- JSON: https://secwatch.observer/filing/0001193125-26-451888.json
- Plain text: https://secwatch.observer/filing/0001193125-26-451888.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.