Fox Corp faces Roku review. Fox Corp stock gains 1.02 percent
AD HOC NEWS
Fox Corp's proposed acquisition of Roku is undergoing extended regulatory scrutiny from the U.S. Department of Justice, adding a 30-day review period. Despite this, Fox still expects the merger to close in the first half of calendar 2027. The company reported strong financial results for fiscal 2026, with revenue up 5% to over $17 billion and adjusted EBITDA rising 8% to $3.9 billion.
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