Fox Buys Roku, Impacting Disney Investors

Fox is buying Roku for $160 per share. This transaction affects Disney investors, given the overlap of media properties.

Fox's acquisition of Roku, finalized at $160 per share, has implications for investors tied to Disney, whose media presence could be impacted by this deal. Cathie Wood's ARK fund has actually sold off positions in Roku, raising questions about whether they missed a potential rally.

One perspective is that this concentration of media power through the Fox deal could concentrate media ownership among a select few. Meanwhile, the deal price is still significantly higher than Roku's current trading price, which is $135.44 - that translates to a 16% discount.

While specific details on the deal's timeline, structure, or expected outcomes are limited due to a lack of content, this move indicates a consolidation in the media space with Disney's interests being a particular area of consideration.