Fox to Buy Roku for $22B; Arb Spread Hints at Deal Doubt
Fox’s $160-a-share cash-and-stock bid for Roku closed Friday at $138.07 — a 14% spread that says traders are not convinced the deal closes clean.
roku stock
Roku Jumps 20% on Reuters Sale Report — What’s Priced In
Roku surged 20% to $143.66 after Reuters reported the streaming platform is exploring strategic options including a sale. What’s priced in.