Fox Corporation said Friday it completed its acquisition of Roku Inc., a transaction valued at $22 billion, well ahead of a close the companies had projected for the first half of 2027^1,2,4.

Roku shares were to cease trading on Nasdaq as of Friday under the merger terms in Fox's statement².

Each Roku share converts into $95.30 in cash and 0.9799 shares of Fox Class A common stock, leaving Fox holders with about 74 percent of the combined company and former Roku holders about 26 percent².

Fox said Roku's connected-TV platform reaches more than 100 million households and that the combined company is among the largest U.S. television businesses by viewership^1,2.

Roku founder Anthony Wood will join Fox's board and serve as co-chair of Fox Digital Platforms, a unit that includes Roku, Tubi, FOX One and other digital products, alongside Paul Cheesbrough as co-chair and CEO^2,3.

Wood said in the company statement that Roku's mission does not change and that the platform remains open to every content partner^1,2.

Fox said it expects about $400 million of run-rate cost synergies within two years and that the deal should add to free cash flow per share by the second full year after closing².

TechCrunch reported the Justice Department had issued a second request for information about two months earlier as part of an antitrust review, after the June announcement of the deal¹.

What remedies, if any, the department required at closing was not detailed in the company statement reviewed for this report².