Fox Slides, SpaceX Gains, TripAdvisor Soars
Today's biggest winners and losers in the stock market, a look at the notable movers:On this episode of Stock Movers:- Fox (FOX) will acquire Roku for $160 a share in a cash-and-stock deal that values the streaming video platform at an enterprise value of about $22 billion. Fox intends to finance the cash portion of the transaction with about $8.3 billion of new debt as well as cash, according to a separate release. The sharp decline in Fox shares means the stock component of the agreement would be worth less if it holds through the closing of the deal.- SpaceX (SPCX) shares jumped in their…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.