Fox, Roku shareholders approve $22 billion streaming deal
Shareholders approved the proposed acquisition, removing one condition while regulatory review remains.
TL;DR
- Fox and Roku shareholders approved the proposed $22 billion transaction, according to preliminary vote tallies.
- The deal would combine Fox’s media businesses with Roku’s streaming platform and advertising reach.
- Regulatory approval and other closing conditions remain before completion.
Investing.com and TheWrap reported that shareholders of both Fox and Roku approved the proposed acquisition on October 14. Preliminary vote tallies cleared the shareholder-approval condition. [1] [2]
The transaction was announced in June as a cash-and-stock acquisition valued at about $22 billion. The current development is the shareholder vote, not a completed merger. [1] [2]
TheWrap reported approval advances the deal while regulatory review remains. Earlier company materials said Fox would pay $160 per Roku share in cash and stock. [1] [2]
The transaction still depends on regulatory clearance and other closing conditions. Reports do not establish when it will close or what changes customers will see. [1] [2]
Why it matters
The vote advances a major streaming and advertising consolidation but leaves regulatory review and closing execution as the next gates.
Editor's note
The story distinguishes shareholder approval from a completed merger; regulatory clearance remains outstanding.