The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Fox Corp has agreed to acquire streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku shareholders will receive $160 per share, while Fox shares fell 10.81% in premarket trading following the announcement. The strategic move aims to merge the Tubi and The Roku Channel platforms to enhance digital advertising reach and connected-TV scale.