Media
Price
$58.42
-3.39%Market Cap
$25.96B
Day High
$60.14
Day Low
$58.26
Fox Corporation announced a deal to acquire Roku while revenue grew on sports and digital, but net income declined 26% due to a $773 million non-operating loss.
Key risk: Roku Transaction May Not Close or Be Delayed
The Merger is subject to stockholder approvals and regulatory clearances; failure to satisfy conditions could prevent completion. Fox may be required to pay a termination fee of up to $1.2 billion in certain circumstances.
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