Shareholders Approve Fox’s $22 Billion Roku Acquisition
With media M&A in the air, shareholders of both companies have approved Fox’s planned cash and stock acquisition of Roku at special meetings today. The approvals were expected. The deal announced in June – which will turbocharge Fox’s streaming capabilities – calls for the…
Également rapportée par Variety
With media M&A in the air, shareholders of both companies have approved Fox ’s planned cash and stock acquisition of Roku at special meetings today.
The deal announced in June – which will turbocharge Fox’s streaming capabilities – calls for the company run by Lachlan Murdoch to acquire Roku for $160 a share through a combination of cash and Fox Class A stock, giving Roku an enterprise valuation of $22 billion. On closing, Fox shareholders will own about 73% of the merged business, with Roku shareholders taking the other 27%.
