Updated

Updated · CNBC · Jun 15

Fox Shares Sink 15% After $22 Billion Roku Deal at $160 a Share

Updated

Updated · CNBC · Jun 15

Fox Shares Sink 15% After $22 Billion Roku Deal at $160 a Share

3 articles · Updated · CNBC · Jun 15

Fox stock fell 15% in midday trading after the company unveiled its cash-and-stock acquisition of Roku, while Roku shares were down slightly.
The offer values Roku at $160 per share, an 11% premium to Friday's close, and Fox said the combination would create a stronger sports, news and streaming platform.
The market drop extends an earlier selloff after Wall Street questioned Fox's rationale for buying Roku and the future of Roku's platform-neutral business model.
The $22 billion deal is Fox's push to build scale in streaming, an area where it has lagged larger media rivals pursuing consolidation.

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Fox Corporation Shares Drop 15% After Announcing Roku Acquisition

The New York Times5h ago

Fox Corp. Acquires Roku for $22 Billion to Boost Streaming Presence

Hollywood Reporter6h ago

Fox Corp. to Acquire Roku in $22 Billion Deal

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27 total

Left82%

Center9%

Right9%

Fox Corporation Shares Drop 15% After Announcing Roku Acquisition

The New York Times5h ago

Fox Corp. Acquires Roku for $22 Billion to Boost Streaming Presence

Hollywood Reporter6h ago

Fox Corp. to Acquire Roku in $22 Billion Deal

Show all 27 sources

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