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17m ago
Fox to acquire Roku in $22 billion deal
Fox says the deal will create the third-largest television company in the United States.
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Fox says it obtained a $12B loan for the ~$22B Roku deal; existing Fox shareholders are expected to own ~73% of the combined company and Roku shareholders ~27%
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Fox says it is acquiring Roku in its largest deal yet, valued at ~$22B including debt, giving it access to 100M+ streaming households globally; FOX drops 10%+