secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2026-11-06T21:21:54+00:00
Accession:  0001193125-26-451888
Event type: m_and_a
Sentiment:  positive
Materiality: 0.92
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526451888/0001193125-26-451888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000119312526451888/d141597d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-451888

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer