Fox Outbid Netflix to Buy Roku, So Why Are Both Stocks Falling?
Fox said the purchase will add more than 100 million streaming households and $400 million in annual cost synergies by year two.
3 Articles
3 Articles
Streaming: Will Fox’s Roku deal let it cut the cord?
With its $22 billion deal to acquire Roku earlier this month, Fox suddenly became a “rather ferocious” player in “the next phase of the streaming wars,” said The Economist. Rupert Murdoch’s right-wing media empire had been a “noncombatant” in the years-long melee, preferring to keep “its powder dry while companies such as Disney blew gazillions on building streaming services to compete with Netflix.” But it has been quietly amassing a substantia…
Fox Outbid Netflix to Buy Roku, So Why Are Both Stocks Falling?
Key PointsFox paid a steep premium, and investors immediately punished the leverage risk.Roku gives Fox massive streaming distribution, but synergies remain years away.Netflix's reported interest highlights accelerating streaming consolidation and rising acquisition costs.10 stocks we like better than Netflix › Fox Corp. (NASDAQ: FOXA) (NASDAQ: FOX) just made the biggest bet in its post-21st Century Fox history. On June 15, it announced a $22 bi…
Key movement that seeks to strengthen its streaming presence and digital advertising.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
