Fox to Acquire Roku for $22 Billion, Stock Drops 15%

M&A · Partnership Impact 4
โดย Barchart·Read original
Summary · why it matters

Fox Corporation announced a definitive agreement to acquire Roku for $22 billion, causing FOX stock to plunge more than 15%. The transaction will be funded through a mix of new debt and cash on hand, including $12 billion of fully committed bridge financing from Morgan Stanley, with pro-forma net leverage expected to be approximately 2.8 times. Fox expects the deal to close in the first half of calendar-year 2027 and sees strategic benefits such as uniting its live content with Roku's streaming platform to reach over 100 million households. Analysts have a consensus Moderate Buy rating on FOX stock with a mean price target of $69.54, implying a potential upside of 49% from current levels.

Impact on stocks 5

Communication Services± Mixed · 3 stocks
Fox Corp Class A
FOXA
▼ NegativeCapitalrelevance

Fox to acquire Roku for $22 billion, funded by debt, causing FOX stock to drop 15%

Roku Inc
ROKU
▲ PositiveCapitalrelevance

Roku being acquired for $22 billion, a premium to its market price

Financials▲ · 1 stocks
Morgan Stanley
MS
▲ PositiveCapitalrelevance

Morgan Stanley providing $12 billion bridge financing for the acquisition

Artificial Intelligence▲ · 1 stocks
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