Sure seems like free money. In normal times, there is a chance this could get blocked, but a favored media outlet of the administration seems a lock.

Also, look at the five day chart. Shot up from $120 on Friday. Bunch of insiders knew early.

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stock_toaster 2 hours ago | parent [-]

Ah. I think I figured it out.

> FOX is acquiring Roku in a cash-and-stock transaction valued at $160.00 per ROKU share. FOX will pay $96.00 in cash and 0.9693 shares of FOX Class A common stock for each Roku Class A and Class B share outstanding immediately prior to the effective time of the merger.

So not a straight $160/share cash, but $96/share cash and some FOX shares. Roku trading below 160 means the fox stock is not considered worth (160-96) by the market.

	▲	0cf8612b2e1e 37 minutes ago \| parent [-]
		Fox also took a dive today. While $160 total could happen, seems likely to shortchange Roku shareholders.