Home / Business and Economy / Fox Shareholders OK Roku Merger Amid Probe
Fox Shareholders OK Roku Merger Amid Probe
14 Oct
Summary
- Fox shareholders approved the merger with Roku.
- DOJ issued a 'second request' for information.
- Deal expected to finalize in the first half of 2027.
Shareholders of Fox Corporation have given their approval for the company's merger with Roku. This development occurs as the Department of Justice is actively reviewing the deal, having issued a "second request" for more information in September. This request has extended the waiting period mandated by the Hart Scott Rodino Act.
Fox Corporation CEO Lachlan Murdoch described the proposed merger as a "transformative transaction." If regulators give their consent, the union of Fox and Roku would significantly enhance Fox's standing in the free ad-supported streaming market. This consolidation would leverage Fox's ownership of Tubi, which boasts 110 million monthly active users, with Roku's reach to over 100 million streaming households.
The combined entity would position itself as the third-largest media distributor in the United States, behind YouTube and the merged Skydance entity. Fox currently holds 7.8% of TV viewing, with The Roku Channel at 2.9% and Tubi contributing 2% to Fox's total viewership share as of July. The merger is anticipated to close in the first half of 2027, contingent on regulatory clearance and other standard closing conditions.
