Fox Corporation Class B (NASDAQ:FOX) is set to buy Roku for about $22B EV with Roku shareholders receiving $160 a share, creating a combined company where FOX Class B holders own roughly 73% and Roku holders 27%; FOX also eyes bidding for lucrative U.S. World Cup rights.
Previous Week Recap
- Fox To Buy Roku $22B EV: FOX agreed to buy Roku for about $22B EV; Roku shareholders get $160/share. After close, FOX Class B holders expected to own ~73% of combined company; Roku holders ~27%.
- FOX Potential World Cup Rights Bid: Fox Corporation Class B (FOX) is listed among potential bidders for U.S. rights to the bundled 2030 and 2034 World Cups, a package reportedly worth billions, signaling major sports rights demand.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.