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Lachlan Murdoch calls the $22 billion Roku acquisition a defining moment for FOX, pairing live sports and news with America's top streaming platform.

On this episode of Stock Movers with Alexis Christoforous: - Roku (ROKU) is higher while Fox (FOX) is declining on news Fox agreed to acquire Roku in a deal that values the streaming video platform at about $22 billion including debt. - United Airlines (UAL) is surging with airlines stocks up around 4% ahead of the open after the U.S. and Iran reached an interim peace deal. - Coinbase (COIN) and Robinhood (HOOD) are following Bitcoin higher amid broader risk appetite with the US-Iran interim deal.

Competition for streaming audiences has been heating up, and the deal provides significant scale for both Fox and Roku.

Fox said it had agreed to buy Roku in a deal that values the streaming company at about $22 billion, including debt. Shares of Roku, which rose about 20% on Friday after a media report about a possible deal, edged higher in premarket trading Monday.

Fox Corp. will buy the streaming platform Roku in a $22 billion deal.

Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing ‌its sports and news programming with a top TV streaming ‌platform will strengthen its position as audiences shift online. The deal, announced on Monday, gives the ​cable TV-reliant Fox direct access to Roku's large installed base of more than 100 million streaming households, helping it better sell targeted ads and reduce reliance on traditional distribution. Fox will acquire Roku for $160 per share, representing a ‌premium of 11.4% to Roku's ⁠last close.

Cathie Wood's firm ARK Invest staked a large position in Elon Musk's SpaceX on Friday. The firm already has a huge chunk of Tesla stock.

Streaming platform Roku Inc. is reportedly exploring a potential sale and has held preliminary discussions regarding a strategic combination with at least one U.S. media company.

Roku stock closes at its highest level since 2022 after a report the streaming technology maker is in sale discussions.

Investing.com -- Roku Inc. (NASDAQ:ROKU) shares jumped as much as 20% Friday following a Bloomberg report that the streaming platform company has held discussions with at least one U.S. media company about a potential sale.

Streaming platform Roku is in ‌talks to sell itself, ‌including a possible media tie-up, ​Bloomberg News reported on Friday, citing people familiar with the matter. The company, ‌whose shares ⁠jumped 22%, has been in discussion with ⁠at least one U.S. media company about ​a potential ​combination ​and no final ‌decisions have been made on a potential sale, the report said. Roku did not immediately respond to ‌a Reuters request ​for comment.

Streaming video platform Roku will benefit materially from the launch of a new home screen, an analyst says.

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Roku stock is in a recent uptrend. This options trade could generate potential 30% return in a few weeks.

Streaming video platform Roku smashed Q1 estimates on better-than-expected advertising and subscriptions growth. Roku stock rose Friday.

Conrad Grodd: Joining us on today's call are Anthony J. Wood, Roku, Inc.'s founder and CEO; Dan Jedda, our CFO and COO; Charlie Collier, President, Roku Media; and Mustafa Ozgen, President, Devices. On this call, we will make forward-looking statements which are subject to risks and uncertainties.