Fox to buy streaming device maker Roku for $22 billion
Fox to buy streaming device maker Roku for $22 billion
admin 10 hours agoFox said it entered into a deal to acquire Roku for $22 billion.
Fox has announced that it is buying video streaming company Roku for a total of around $22 billion, including taking on debt. It follows the acquisition of Tubi back in 2020, marking another chapter in media consolidation as the industry grapples with changing dynamics and mounting challenges.
On Monday Fox announced it would acquire Roku for $160 per share in a cash-and-stock transaction. Fox plans to fund the cash portion of the deal with a combination of cash on hand and new debt. The company said it obtained a $12 billion loan for the transaction.
Fox’s stock was down...
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Fox has announced that it is buying video streaming company Roku for a total of around $22 billion, including taking on debt. It follows the acquisition of Tubi back in 2020, marking another chapter in media consolidation as the industry grapples with changing dynamics and mounting challenges.
On Monday Fox announced it would acquire Roku for $160 per share in a cash-and-stock transaction. Fox plans to fund the cash portion of the deal with a combination of cash on hand and new debt. The company said it obtained a $12 billion loan for the transaction.
Fox’s stock was down...
➤➤➤ SEE MORE
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