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Media Consolidation in Its 'Middle Innings': Tom Ara
Bloomberg94d agoneutralVIDEO
Media Consolidation in Its 'Middle Innings': Tom Ara

Tom Ara, Weil, Gotshal & Manges Entertainment, Sport & Media Head, discusses significant mergers and acquisitions in Hollywood during the first half of 2026. Highlighted deals include Fox's $22 billion investment in Roku and Paramount's $110 billion acquisition of Warner Brothers Discovery. Ara explains that the market has shifted from a cautious stance last year to a more confident environment, leading to increased capital deployment and ongoing consolidation in the entertainment sector. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Netflix's Roku loss points to bigger streaming risk
TheStreet98d agoneutral
Netflix's Roku loss points to bigger streaming risk

For years, Netflix (NFLX) has been trying to convince Wall Street that growth can still be driven by streaming size, global content, and pricing power. The argument is still valid, but that might not be the whole story anymore. Fox’s imminent acquisition of Roku offers a new kind of edge in ...

Fox stock gets sobering BofA call amid Roku deal
TheStreet98d agoneutral
Fox stock gets sobering BofA call amid Roku deal

Fox (FOX) just made the biggest move of its post-Disney era, agreeing to buy Roku for roughly $22 billion. But the stock fell sharply the day the deal landed and kept sliding the next session, pushing Fox shares to a fresh 52-week low. Now one of Wall Street’s most followed analysts has weighed in, ...

Fox to acquire streaming device maker for $22 billion
TheStreet100d agoneutral
Fox to acquire streaming device maker for $22 billion

If you have a Roku device at home, and statistically, there's a good chance you do, your TV's home screen may soon have a new owner. Fox Corporationannounced June 15 that it has reached a deal to buy Roku for $160 per share. That values the company at roughly $22 billion. The deal is expected to ...

Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Bloomberg101d agobullishVIDEO
Fox to Buy Roku at $22 Billion Value in Streaming Video Push

Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.  The deal will blend Fox's sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku's streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing, spanning broadcast, cable, local and streaming, the companies said. "This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile," Fox Chief Executive Officer Lachlan Murdoch said in the statement. For more on Fox's acquisition of Roku, Bloomberg Intelligence Analyst on US Media, Geetha Ranganathan, joins Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence."

Roku-Fox Deal; Airlines Move Higher | Stock Movers
Bloomberg101d agoneutralVIDEO
Roku-Fox Deal; Airlines Move Higher | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Roku (ROKU) is higher while Fox (FOX) is declining on news Fox agreed to acquire Roku in a deal that values the streaming video platform at about $22 billion including debt. - United Airlines (UAL) is surging with airlines stocks up around 4% ahead of the open after the U.S. and Iran reached an interim peace deal. - Coinbase (COIN) and Robinhood (HOOD) are following Bitcoin higher amid broader risk appetite with the US-Iran interim deal.

Fox to Buy Roku in $22 Billion Deal
The Wall Street Journal101d agobullish
Fox to Buy Roku in $22 Billion Deal

Fox said it had agreed to buy Roku in a deal that values the streaming company at about $22 billion, including debt. Shares of Roku, which rose about 20% on Friday after a media report about a possible deal, edged higher in premarket trading Monday.

Fox to buy Roku in $22 billion deal to accelerate shift to digital
Reuters101d agobullish
Fox to buy Roku in $22 billion deal to accelerate shift to digital

Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing ‌its sports and news programming with a top TV streaming ‌platform will strengthen its position as audiences shift online. The deal, announced on Monday, gives the ​cable TV-reliant Fox direct access to Roku's large installed base of more than 100 million streaming households, helping it better sell targeted ads and reduce reliance on traditional distribution. Fox will acquire Roku for $160 per share, representing a ‌premium of 11.4% to Roku's ⁠last close.

Investing.com104d agobullish
Roku stock surges 20% on report of potential sale talks

Investing.com -- Roku Inc. (NASDAQ:ROKU) shares jumped as much as 20% Friday following a Bloomberg report that the streaming platform company has held discussions with at least one U.S. media company about a potential sale.

Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
Reuters104d agoneutral
Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports

Streaming platform Roku is in ‌talks to sell itself, ‌including a possible media tie-up, ​Bloomberg News reported on Friday, citing people familiar with the matter. The company, ‌whose shares ⁠jumped 22%, has been in discussion with ⁠at least one U.S. media company about ​a potential ​combination ​and no final ‌decisions have been made on a potential sale, the report said. Roku did not immediately respond to ‌a Reuters request ​for comment.

Andrew Left Found Guilty in Case That Spooked Short Sellers
Bloomberg114d agobearish
Andrew Left Found Guilty in Case That Spooked Short Sellers

(Bloomberg) -- Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedCanada Dips Into Technical Recession for First Time Since 2020Berkshi

Short Seller Andrew Left Found Guilty of Securities Fraud
Bloomberg114d agobearish
Short Seller Andrew Left Found Guilty of Securities Fraud

(Bloomberg) -- Andrew Left, one of the world’s most prominent short sellers, was found guilty of securities fraud by a federal jury after a landmark trial that scrutinized his use of social media to move the price of stocks.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStocks Rise on Trump’s Iran Remarks, AI Optimism: Markets WrapA Rare

Short Seller Andrew Left Found Guilty of Securities Fraud
Bloomberg114d agobearish
Short Seller Andrew Left Found Guilty of Securities Fraud

(Bloomberg) -- Andrew Left, one of the world’s most prominent short sellers, was found guilty of securities fraud by a federal jury after a landmark trial that scrutinized his use of social media to move the price of stocks.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStocks Rise on Trump’s Iran Remarks, AI Optimism: Markets WrapA Rare