Fox Corporation and Roku shareholders approved merger-related proposals on October 14, advancing a proposed combination of Fox’s television businesses and Roku’s streaming platform. The transaction has not closed, and federal antitrust review remains outstanding.
Fox’s October 14 regulatory filing confirms that holders of its voting Class B shares approved issuing Class A shares for the acquisition. Fox reported support from 99.9% of votes cast. TheWrap and The Desk separately reported approval at Roku’s shareholder meeting. Roku’s final vote tally was not available in the documents reviewed by Radio News Now.
The cash-and-stock agreement carries an announced enterprise value of approximately $22 billion. Fox’s June investor presentation described a combination spanning television programming, streaming distribution, advertising and subscription sales, with completion targeted for the first half of 2027.
Shareholder approval is not regulatory clearance. A Roku filing dated September 9 disclosed that the U.S. Department of Justice had requested additional information from both companies. That request extended the antitrust waiting period. Today’s reports say the review continues; the closing timetable remains an expectation, not a guarantee.
The proposed acquisition would place Fox’s Tubi and The Roku Channel under common ownership and give Fox control of Roku’s television operating system. For broadcasters and independent channels using that platform, the practical issue extends beyond content ownership to distribution and discovery.
Radio News Now question: What enforceable protections, if any, will preserve independent channels’ access, discoverability and advertising opportunities on a Fox-owned Roku platform?