Fox Corporation completed its acquisition of Roku on Nov. 6, Fox said in a press release. The release says Roku shares stopped trading on the Nasdaq that day. Fox is now, in its words, one of the leading streaming businesses in the U.S., counting Roku, Tubi and FOX One.

What the release says about the deal

Roku stockholders are entitled to $95.30 in cash and 0.9799 shares of FOX Class A common stock for each Roku Class A and Class B share they owned just before closing. After closing, FOX stockholders own about 74% of outstanding FOX common stock and former Roku stockholders about 26%.

Fox expects about $400 million of run-rate cost synergies within two years of closing, with additional potential revenue upside. It anticipates the deal will add to free cash flow per share by the second full year after closing.

Who runs it

Roku founder Anthony Wood joins the FOX board and becomes Co-Chair of FOX Digital Platforms, a new division covering Roku, Tubi, FOX One, Red Seat Ventures and other digital products. Paul Cheesbrough is its other Co-Chair and CEO.

Lachlan K. Murdoch, Fox's Executive Chair and CEO, said the top priority for the combined company is to keep serving audiences and partners "while reinforcing the openness and choice that is the essence of the Roku platform."

What this means for you

If you own a Roku TV or stick, the release announces no change to your device, account or apps, and we found none announced. It does not mention pricing, ads or privacy either.

What Fox does say is that Roku's open platform will keep serving more than 100 million households worldwide, with access to thousands of apps and channels. Fox says it will "preserve and build on" the choice Roku offers viewers. Wood said Fox "wholly shares our commitment to staying open to every content partner."

Those are statements of intent, not product changes.

What is still pending

Fox's release is the only source we relied on. As of about 10:45 a.m. ET on Nov. 6, we checked SEC EDGAR and the 8-K for the closing was not yet listed. We will not add anything from it until it appears.

Related

Roku hardware is already a deal staple: see our look at the Hisense 65-inch E6SR Roku TV at $377.97. For another streaming business change, see Discovery+ raises US prices to $6.99 and $11.99. For a rival streaming box, see Next-gen Google TV Streamer in the works at Google.