Fox Corporation agreed to acquire Roku in a $22 billion cash-in-stock deal. From CNBC: “Analysts were surprised by the deal, as it arguably pivots Fox into a new strategic direction. Investors appeared shaken, with Fox’s stock falling as a response.” Fox’s stock traded down 16% on Monday, hitting a 52-week low. Shares then fell 4%c on Tuesday.
I, like many analysts, am a little surprised that Fox chose to acquire Roku instead of letting it fall. Roku’s stock collapsed in 2023 and has not made a full recovery. I wonder why, could it be that people are choosing live TV? Please, someone, please don’t ruin live TV because I said that.
Bad Democrat 
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