Fox Corporation announced that its Class B common stockholders have approved the issuance of Class A common stock required for the company's planned merger with Roku, Inc. The approval, secured at a special meeting on October 14, 2026, is a critical step towards completing the acquisition.
Key Details
- Event: At a special meeting, stockholders voted to approve the "Stock Issuance Proposal" needed to facilitate the merger with Roku, Inc.
- Voting Results: The proposal was overwhelmingly approved by 99.9% of the votes cast by Class B stockholders, with 197,363,560 shares voting in favor.
- Transaction Background: The stock issuance is pursuant to the Agreement and Plan of Merger with Roku, Inc., which was originally announced on June 14, 2026.