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50 Fox buys Roku

GSMArena.com
GSMArena.com 2 place · today 14:18 EDT

Fox buys Roku

Today Fox Corporation has announced that it's entered a definitive agreement with Roku to purchase it for $160 per share, of which $96 will be cash and the rest will be Fox shares. This transaction values Roku at $22 billion, but it's actually unclear how much Fox is paying. For what it's worth, it says it has obtained $12 billion of fully committed bridge financing from Morgan Stanley for the transaction, so that's probably the ballpark.

The transaction is expected to close in the first half of next yea

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