On July 1, Fox Corporation Class A rose 5.02% in regular trading, trading at $54.97/share, with turnover of $124 million. The stock rebounded as the company announced a key financing milestone for its pending Roku acquisition.

Fox disclosed it has entered into a $1 billion senior unsecured term loan credit agreement to fund a portion of the cash consideration for its $22 billion acquisition of Roku. The two-year facility will become available upon completion of the acquisition, with Fox retaining the option to borrow up to an additional $1 billion. The formal landing of this financing arrangement signals that the landmark deal is progressing on track toward its expected close in the first half of 2027.

The stock had previously plunged 25% over three trading days following the initial acquisition announcement in mid-June, as investors questioned the strategic rationale of acquiring Roku amid intensifying streaming competition. The current rebound reflects partial sentiment recovery, further supported by UBS expectations that the FIFA World Cup will drive strong advertising revenue growth in Fox's fiscal Q4. MoffettNathanson recently adjusted its price target to $59 from $67 while maintaining a Neutral rating.

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