Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Fox Corporation (Class A) (FOXA)

Fox agrees to buy Roku in a merger paying $96 cash and 0.9693 FOX shares per share

Neutral Impact 5 of 5 m&a Written later

Fox Corporation signed a merger agreement on June 14, 2026, to acquire Roku, Inc. Roku holders would receive $96.00 in cash and 0.9693 of a FOX Class A share for each share, and Fox has a $12 billion bridge loan commitment to help fund the deal. The deal requires Roku and Fox stockholder approvals, antitrust clearance, and a Nasdaq listing approval, and it could cause Fox to issue new shares and take on new debt.

Key points

  • Merger Agreement dated June 14, 2026, under which Roku becomes a wholly owned subsidiary of Fox
  • Each Roku share converts into $96.00 in cash plus 0.9693 of a FOX Class A share, with the exchange ratio adjusted if dissenting shares are involved
  • Fox must pay a $1,237,262,000 regulatory termination fee in certain antitrust-related terminations, and a $866,084,000 termination fee in other specified cases
  • Morgan Stanley Senior Funding, Inc. committed a $12 billion 364-day senior unsecured bridge term loan; Roku founder and CEO Anthony Wood and related holders represent about 55% of Roku voting power under a voting agreement

The filing

CompanyFox Corporation (Class A) (FOXA)
Form8-K, current report
Filed with the SECJun 15, 2026, 4:15 PM ET
Accession number0001193125-26-271101

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.