Brisbane Times
·general
·3 hours ago
Lachlan Murdoch launches $22 billion Roku acquisition, Fox shares tumble 17%
Lachlan Murdoch initiated a $22 billion acquisition of Roku on June 16, marking his first significant move since taking control of the Murdoch media empire. The deal, intended to bolster Fox's presence in the evolving media landscape, raised concerns among investors, leading to a 17 percent drop in Fox shares. Critics question whether the purchase price reflects Roku's true value.
Summary by OZbrief · Brisbane Times
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