Fox Stock Is Down 15% After Announcing a $22 Billion Roku Deal. Is This a Buying Opportunity?

Fox Corp. announced its acquisition of Roku for $22 billion ($160 per share), a 28% premium to Roku's pre-announcement price. Fox's stock fell 15% due to shareholder dilution concerns and worries about integrating Roku's hardware business with Fox's media operations. The deal is expected to make Fox the third-largest U.S. media provider and deliver $400 million in cost synergies, though analysts caution about execution risks from combining different business models.