Roku and Fox Deal Spread Widens Amid Reports of State Attorney General Probes
The valuation gap between Fox (FOXA) and Roku (ROKU) widened slightly on Wednesday following reports that several state attorneys general are investigating the proposed $22 billion acquisition. The deal spread increased to $2.11, up from $1.89 recorded the previous day. The investigation by state officials introduces potential regulatory hurdles for the transaction. Market participants are closely monitoring these developments as legal scrutiny could impact the timeline or ultimate approval of the multi-billion dollar merger.
Topics: Antitrust Investigation Deal Spread M&A