Fox Corporation Stock 12‑Month Price Target Cut to $75.81, Implies 19% Upside

Fox Corporation and Roku shareholders approved Fox's $22 billion acquisition of Roku, which includes a $160 per share offer. The deal, pending federal antitrust approval, aims to expand Fox's streaming and advertising businesses. Fox expects to complete the acquisition by mid-2027, though regulatory review adds uncertainty.

The US Justice Department is investigating TV networks (ABC, CBS, CNN, NBC, Fox News) for potential antitrust violations after they boycotted White House coverage in response to credential revocations. The probe follows a September incident where the White House barred reporters from CNN, Politico, and MS NOW, leading to a lawsuit and temporary credential reinstatement.

The US Justice Department is reportedly investigating TV networks ABC, CBS, CNN, NBC, and Fox News over their pool coverage of President Trump, according to the New York Times. The investigation involves six people with knowledge of the department's actions.

Fox plans to acquire Roku for $22B, keeping Tubi and The Roku Channel separate but merging ad sales. Fox cites distinct user habits for keeping services apart. Deal completion is subject to regulatory and shareholder approvals, expected this year. Viewers and advertisers will see minimal changes post-acquisition.

ROKU, INC (ROKU) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. As previously announced, on June 14, 2026, Roku, Inc., a Delaware corporation (the “Company” or “Roku”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fox Corporation, a Delaware corporation (“FOX” or “Parent”), Falcon Merger S

Fox Corporation is acquiring Roku, Inc. in a two-step merger, with a special shareholder meeting scheduled for October 14, 2026. The deal faces a shareholder lawsuit alleging fiduciary breaches, but Fox has supplemented disclosures to mitigate risks. Fox's stock has a Buy rating with an $85 price target, according to recent analyst reports.