Roku CEO Wood Will Stick Around Post Fox Deal -- Market Talk

Dow Jones
06/16

1125 ET - Roku founder and CEO Anthony Wood isn't going anywhere after his company is acquired by Fox. Wood highlights the continued participation in the upside of the combined company through the stock portion of the $25 billion deal consideration, Morgan Stanley analysts say in a research note. "We note that while Wood holds >50% voting power in Roku through Class B shares, FOX will pay equal consideration for both Class A and Class B ROKU shares," they write. Wood is additionally expected to remain involved in the combined company following closing and join Fox's board. Meanwhile, Fox has emphasized the strategic importance of Roku remaining an open, partner-friendly ecosystem moving forward. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 11:25 ET (15:25 GMT)

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