Shareholder Alert: Ademi LLP investigates whether Roku, Inc. is obtaining a Fair Price for Public Shareholders

Ademi LLP is investigating Roku (NASDAQ: ROKU) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Fox. Roku stockholders will receive cash-and-stock transaction valued at $160.00 per Roku share. Fox will pay $96.00 in cash and 0.9693 shares of Fox Class A common stock for each Roku Class A and Class B share. Upon closing, existing Fox shareholders are expected to own approximately 73% of the combined company and Roku shareholders approximately 27%. Roku insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Roku by imposing a significant penalty if Roku accepts a competing bid. We are investigating the conduct of the Roku board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.