US Stock Market Move | Fox Corporation is planning to acquire Roku with a premium of $22 billion, causing Fox Corporation-A's stock to plummet over 16%.

On Monday, Fox Corporation - Class A (FOXA.US) fell by over 16% against the trend, approaching its low point for the year, now trading at $54.85. On the news front, Fox Corporation has reached a final agreement with Roku Inc. (ROKU.US) to acquire this leading streaming platform in a cash and stock deal. According to statements released by both parties on Monday, the deal values Roku's enterprise at approximately $22 billion, with a purchase price per share of $160, representing a premium of 11.4% over Roku's closing price last Friday. The completion of this transaction is expected in the first half of 2027. After the transaction is completed, existing Fox shareholders will hold approximately 73% of the merged company, while Roku shareholders will hold approximately 27%. To support the acquisition, Morgan Stanley's senior financing has provided Fox with a full commitment bridge financing of $12 billion.