Fox Corporation Announces Acquisition of Roku for $22 Billion
Fox Corporation (FOX) has agreed to acquire Roku (ROKU) in a $22 billion deal expected to close by mid-2027. The acquisition is being funded through new debt and cash, raising concerns about leverage levels post-deal at around 2.8 times net pro-forma. Despite an initial market reaction that caused FOX stock to drop over 15%, the article suggests this may present a buying opportunity due to potential merger synergies.
