Fox Updates Roku Merger Proxy with Latest Share Counts and HSR Timeline
FOXA sits 42% above its 52-week low of $48.34.
Summary
Fox's amended S-4 updates the Roku merger proxy with August 17, 2026 share counts, a $163.07 implied per-share value, and a September 8 HSR waiting period expiration.
Key Events · M&A and Partnerships · FOXA
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Merger Terms Reaffirmed
Each Roku share converts to 0.9693 FOX Class A shares plus $96.00 cash, with former Roku stockholders owning approximately 27% of the combined company.
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Implied Value Updated
Implied merger consideration is $163.07 per Roku share based on FOX Class A closing price of $69.19 on August 17, 2026, up from $162.20 on June 11, 2026.
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HSR Waiting Period Reset
Fox voluntarily withdrew its HSR notification on August 5, 2026 and re-filed on August 7, 2026; the waiting period now expires September 8, 2026.
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Pro Forma Financials Updated
Preliminary merger consideration of $23.219 billion based on 147,632,299 FOX Class A shares to be issued and a July 31, 2026 FOX share price of $58.23.
Analysis · FOXA · Technology
Fox filed Amendment No. 1 to its S-4 registration statement for the $22 billion Roku acquisition, refreshing the joint proxy statement/prospectus with data as of August 17, 2026. The update confirms the exchange ratio of 0.9693 FOX shares plus $96 cash per Roku share, with former Roku stockholders expected to own approximately 27% of the combined company. The HSR waiting period now expires September 8, 2026, following Fox's voluntary withdrawal and re-filing of its notification. The amendment also provides updated pro forma financials showing a preliminary merger consideration of $23.2 billion based on a July 31, 2026 FOX share price of $58.23. While the core deal terms are unchanged from the original announcement, the refreshed figures and regulatory timeline are material for investors tracking the transaction's progress.
At the time of this filing, FOXA was trading at $68.54 on NASDAQ in the Technology sector, with a market capitalization of approximately $27.1B. The 52-week trading range was $48.34 to $76.39. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.