On June 22, Fox Corporation Class A fell 5.13% in regular trading, trading at $49.49/share, with turnover of $114 million. The stock extended its sustained selloff triggered by the company's announcement of a major acquisition, with shares now down over 30% since the deal was disclosed on June 15.

On the news front, Fox Corporation officially announced on June 15 that it would acquire streaming platform Roku for approximately $22 billion at $160 per share, representing an 11.4% premium to Roku's prior closing price. The consideration consists of 60% cash and 40% stock. Upon completion, original Fox shareholders will hold approximately 73% of the combined entity, while Roku shareholders will hold approximately 27%. Morgan Stanley has provided $120 billion in fully committed bridge financing, with the transaction expected to close in the first half of next year.

Wall Street concerns center on whether Fox is overpaying for a hardware-intensive platform amid intensifying competition from YouTube and Netflix in the streaming advertising market. The broader broadcasting sector remained under pressure, with Newsmax falling 8.35% and Fox Corporation Class B declining 4.38% on the same day.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)