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 announced an agreement to acquire Roku in a deal valued at approximately $22 billion, including debt. The transaction involves a mix of cash and stock to merge Fox's sports and news networks with Roku's platform. Following the announcement of the massive acquisition, Fox shares plummeted nearly 10%.