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15.06.26 - 16:36
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Fox strikes $22bn deal for Roku to fuel streaming push (The Guardian)
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Deal gives network access to more than 100m households using Roku streaming platformFox Corp is buying Roku in a cash-and-stock deal valued at about $22bn in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.The deal, announced on Monday, gives Fox access to the more than 100m households using Roku's streaming platform, potentially helping the cable TV-reliant media company better target ads and reduce reliance on traditional distribution. Continue reading......
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15.06.26 - 14:24
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Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant (ZeroHedge)
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Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant
Fox agreed to acquire Roku for $160 per share in a cash-and-stock deal, valuing Roku at around $22 billion. The deal marks a major push by Fox into connected TV, streaming advertising, and direct-to-consumer distribution.
On Friday, Roku shares jumped 20% to a four-year high on Bloomberg news that the company was in talks to be acquired by an unnamed media company. That created a wave of suspense over the weekend among Wall Street research desks, which published several notes speculating on potential acquirers.
JPM
Needham
Citizens
Under the terms of the deal, Roku shareholders will receive $96 in cash and .9693 shares of Fox Class A common stock for each Roku share. Existing Fox shareholders are expected to own about 73% of the combined company, with Roku shareholders owning roughly 27%.
"The transaction combines FOX's leading sports, news and entertainment content and the Tubi service, with Roku's leading conn...
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