Both Sides Of Fox’s $22B Roku Acquisition Call It A Streaming Win-Win, But Wall Street Has Questions
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Top executives from Fox Corp. and Roku say Fox’s $22 billion acquisition of the streaming giant is a win-win transaction, but Wall Street appears to have reservations.
Fox shares fell 18% in the first hour of trading Monday after the deal was announced, a sharper-than-usual haircut for a company making a major acquisition.
Roku stock […]