$FOX · Fox Corp

Fox Corporation filed an 8-K reporting results of its October 14, 2026 special meeting of Class B common stockholders to vote on the proposed Roku acquisition. The Stock Issuance Proposal — authorizing issuance of Class A common stock as merger consideration — passed with 99.9% approval (197,363,560 for; 71,891 against; 45,001 abstain). The Adjournment Proposal was rendered moot. The merger, first announced June 14, 2026, involves a two-step structure where Roku will become a wholly owned Fox subsidiary.

Extended-hours trading shows FOX at $55.68, essentially flat (+0.05%) vs the filing-time price of $55.65. The near-unanimous vote was widely expected given the Murdoch family's control of Class B shares, so the market is treating this as a procedural milestone rather than new information.

This near-unanimous vote removes the only meaningful Fox-side obstacle to the Roku acquisition, shifting focus entirely to Roku shareholder approval and antitrust review.

Fox's acquisition of Roku represents a major legacy-media-meets-streaming-platform consolidation play, following the broader industry trend of traditional broadcasters acquiring CTV distribution assets to compete with Netflix and Amazon in the ad-supported streaming market.

The filing confirms the merger is not yet closed — regulatory approvals, Roku shareholder vote, and other closing conditions remain outstanding. Any failure to satisfy these conditions could derail the transaction.