Fox buying Roku for $22B
Summary
Fox Corporation is buying the streaming company Roku for $22 billion. Fox will pay a mix of cash and its own stock to Roku shareholders.Key Facts
- Fox announced it will buy Roku for $22 billion.
- For each Roku share, Fox will pay $96 in cash plus about 0.97 shares of Fox stock.
- The total value for each Roku share is $160.
- The deal includes all Roku Class A and Class B shares.
- This acquisition will combine Fox's media assets with Roku's streaming platform.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.