Netflix Left Out as Fox Acquires Roku
Fox Corporation has announced its acquisition of Roku for $22 billion in a cash-and-stock deal, which is set to close in the first half of 2024. Following the news, Netflix’s stock dropped nearly 4% amid reports that the streaming giant attempted to purchase Roku but was unsuccessful, with its bid reportedly falling below Fox’s $160-per-share offer.
Netflix has not commented on these developments, but sources indicate that securing regulatory approval for such a deal would have posed significant challenges for the company, given its dominant position in the market.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
