Fox Corp just unveiled a $22B deal to acquire connected TV service Roku, considerably boosting its streaming capabilities. The definitive agreement will see Fox acquire Roku for $160 a share through a combination of cash and Fox Class A stock. This gives Roku an enterprise valuation of $22B. Upon closing, Fox shareholders will own about […]
Why This Matters
Fox Corp to Buy Roku in $22B Deal
- Fox Corp agreed to acquire Roku for $22B
- Deal will significantly enhance Fox's streaming presence
- Fox will pay $160 per share in cash and Fox Class A stock
- Details on shareholder ownership still developing
Key Points
- Fox Corp just unveiled a $22B deal to acquire connected TV service Roku, considerably boosting its streaming capabilities.
- The definitive agreement will see Fox acquire Roku for $160 a share through a combination of cash and Fox Class A stock.
- This gives Roku an enterprise valuation of $22B.
- Upon closing, Fox shareholders will own about […]
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