Fox Corporation Acquires Roku in a $22 Billion Cash and Stock Deal
U.S.-based media entity Fox Corporation (FOXA) has entered into a definitive merger agreement to acquire Roku, Inc. (ROKU) in a cash-plus-stock deal valued at $22 billion. Deal…
Written byAsif SuriaSource: InsideArbitrage
U.S.-based media entity Fox Corporation (FOXA) has entered into a definitive merger agreement to acquire Roku, Inc. (ROKU) in a cash-plus-stock deal valued at $22 billion. Deal Structure: Roku stockholders will receive $96.00 in cash and 0.9693 shares of FOX Class A common stock for each Roku Class A and Class B share outstanding, representing an implied value of $160