$ROKU · ROKU, INC
Roku held a special stockholder meeting on October 14, 2026, where shareholders voted on the proposed acquisition by Fox Corporation under the June 14, 2026 Merger Agreement. The Merger Proposal passed with 241,044,988 votes for (81.5% of outstanding shares), 502,927 against, and 511,598 abstentions. The advisory vote on merger-related executive compensation also passed with 99.3% approval. The Adjournment Proposal was rendered moot.
- 241,044,988 shares voted for the merger, representing 81.5% of total outstanding shares.
- Only 502,927 shares voted against the Merger Proposal — a 0.17% dissent rate.
- Merger-related executive compensation approved with 99.3% of votes present in favor.
- The Adjournment Proposal was rendered moot and no vote was held.
- The Merger Agreement, dated June 14, 2026, involves a two-step structure with Roku becoming a wholly owned FOX subsidiary.
Markets closed — no regular-session reaction yet; extended-hours move not captured here. The overwhelming 81.5% approval removes a key deal-closing uncertainty, which is typically constructive for the target stock as it approaches final consummation.
Shareholder approval clears the biggest internal hurdle for Fox's acquisition of Roku, shifting focus entirely to regulatory review and deal consummation.
The FOX-Roku combination would create a vertically integrated streaming-and-content giant, mirroring the broader media consolidation trend as legacy broadcasters acquire streaming platforms to compete with Netflix and Disney.
Closing remains subject to regulatory approvals and other conditions. The filing flags risks including failure to realize anticipated synergies, integration disruptions, litigation, and potential loss of key personnel during the pendency period.
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