Fox sinks following $22 billion Roku deal as streaming stocks get sold off

Fox Corporation stock skidded after the company said it will buy Roku. Fox execs called it a streaming deal, but investors dumped the stock. Fox Class A slid 16.8% and finished at $54.76, losing $11.09. Class B lost 15.2% and closed at $49.96. Fox lost billions in market cap with a buyout that’s about as big as the company itself.

NASDAQ:FOX · NASDAQ:FOXA · NASDAQ:ROKU · Stock Market
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Warsh at Jackson Hole

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Chicago PMI

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