Fox Corp Class AFOXA
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Potential re-merger with News Corp, but Fox says no talks since 2022; also Fox agreed to buy Roku for $22B.
Rupert Murdoch and his son Lachlan are considering recombining Fox Corp. and News Corp., according to unsealed court documents cited by Reuters. The potential merger, which failed in 2023 when investors balked, could see a renewed attempt. Fox, however, said in a statement that there have been no talks since 2022, and News Corp. declined to comment. The news comes after Fox agreed in June to buy Roku for $22 billion; on Thursday, Roku shares fell 1.2%, Fox dropped 2.9%, and News Corp. rose 1.2%.
Fox Corp Class APotential re-merger with News Corp, but Fox says no talks since 2022; also Fox agreed to buy Roku for $22B.
News Corp APotential re-merger with Fox could create value; shares rose 1.2%.
Roku IncFox agreed to buy Roku for $22B; Roku shares fell 1.2% on the news.