3 ms·
As of 10am est their stock is down nearly 20%.
by whalesalad 4mo ago
As of 10am est their stock is down nearly 20%.
- josefritzishere 4mo agoIt's a complete betrayal of the user base but I'm sure the CEO will get paid a big buyout so they'll go forward anyway.
- cindyllm 4mo ago[dead]
- stock_toaster 4mo agoI've always wondered.. Why would a stock (roku in this case) trade below the acquisition price (currently showing around 141)? (160 in this case) Does the market think this sale won't be approved by the current administration for some reason?
- 0cf8612b2e1e 4mo agoSure seems like free money. In normal times, there is a chance this could get blocked, but a favored media outlet of the administration seems a lock. Also, look at the five day chart. Shot up from $120 on Friday. Bunch of insiders knew early.
- stock_toaster 4mo agoAh. I think I figured it out. > FOX is acquiring Roku in a cash-and-stock transaction valued at $160.00 per ROKU share. FOX will pay $96.00 in cash and 0.9693 shares of FOX Class A common stock for each Roku Class A and Class B share outstanding immediately prior to the effective time of the merger. So not a straight $160/share cash, but $96/share cash and some FOX shares. Roku trading below 160 means the fox stock is not considered worth (160-96) by the market.
- 0cf8612b2e1e 4mo agoFox also took a dive today. While $160 total could happen, seems likely to shortchange Roku shareholders.