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via seekingalpha.comBusiness & Companies

Fox completes $22B purchase of Roku

FROM THE WIRE · SEEKINGALPHA.COM

[Cambridge Year] GordonBellPhotography Fox (FOXA [https://seekingalpha.com/symbol/FOXA]) (FOX [https://seekingalpha.com/symbol/FOX]) announced it completed its $22 billion purchase of Roku Inc. (ROKU [https://seekingalpha.com/symbol/ROKU]). Roku founder Anthony Wood will join…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralClosing of the $22B deal reshapes Fox's digital strategy and can affect the stocks involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fox has completed its $22 billion purchase of Roku Inc.
  2. 02Roku founder Anthony Wood will join the Fox board.
  3. 03Wood will serve as Co-Chair of FOX Digital Platforms, the newly formed division.
  4. 04Paul Cheesbrough assumes the role of Co-Chair and CEO of the division.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Fox CorporationFOXAStock67.20 USD+1.50%today -0.69%Neutral Fox CorporationFOXStock59.72 USD+1.85%today -0.45%Neutral Roku, Inc.ROKUStock161.16 USD+0.65%today +0.49%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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