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NASDAQ:SLBT 16 June 2026

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  • Fox Stock Drops 16.8% After $22 Billion Roku Acquisition Announcement
    June 16, 2026, 6:37 AM EDT. Shares of Fox Corporation fell sharply following news of its planned $22 billion acquisition of Roku, a streaming platform. Fox plans to pay $160 per Roku share through cash and stock, raising concerns about increased leverage and dilution among investors. The deal expands Fox's streaming reach to over 100 million homes and aims to merge Fox's content with Roku's connected-TV assets. Despite expected cost savings of $400 million annually and improved ad revenue potential, skepticism remains about the strategic value amid competitive pressures and reliance on third-party distributors. The transaction awaits regulatory and shareholder approval with a targeted close in early 2027.

Latest articles

SL Science Holding pops at Nasdaq open, SPAC risks linger

SL Science Holding pops at Nasdaq open, SPAC risks linger

16 June 2026
SLBT soared to $18.90 in early Tuesday trading after plunging 42.59% on its Nasdaq debut, as investors reacted to SL Bio’s SPAC merger and $7.8 million PIPE financing; with no new clinical data disclosed, trading was driven by liquidity and momentum, while major execution and funding risks remain.
Dow, S&P 500, Nasdaq Futures Gain; Oil Falls Ahead of Fed Decision

Stock futures flat with Fed decision ahead

16 June 2026
U.S. stock futures held steady after Monday’s surge fueled by falling oil prices and easing U.S.-Iran tensions, but investors are now focused on Wednesday’s Federal Reserve rate decision, the next major catalyst for market direction.
Substack hires ex-Roku exec to drive sponsorships

Substack hires ex-Roku exec to drive sponsorships

16 June 2026
Substack hired Dan Robbins as its first head of brand sponsorships and announced that brands including Uber, T-Mobile, Balenciaga, and Yahoo Scout are investing “millions of dollars” into creator sponsorships, marking a major shift from its subscription-only revenue model to include advertising-style income.
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