News Summary

• Fox said it would acquire Roku for $160 per share in a deal the companies expect to include $400 million in savings.
• Roku shareholders will receive $96 in cash and roughly 0.97 Fox Class A shares for each Roku share held.
• Shares of Fox plunged by more than 11% in premarket trading, while Roku traded up slightly (0.8%) Rupert Murdoch and his family have a fortune valued at $23.3 billion, according to Forbes’ estimates.
• Anthony Wood, who founded Roku in 2002, has an estimated net worth of $3.2 billion.