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Investing.com -- Citi named one well-known media firm its Top Pick in a note Friday, maintaining a $78 price target and arguing that the stock's recent decline is "overdone."

A Wall Street analyst upgraded Fox stock to buy, saying its drop on the Roku acquisition news was an overreaction.

(Bloomberg) -- The year was tipped to be a potential blockbuster in deals and the first half delivered, setting a pace that is likely to continue in the closing months of 2026.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanFrom wel

Netflix reportedly is interested in buying movie and TV series producer Lionsgate Studios. Lionsgate stock jumped on the news while Netflix stock slumped.

Stocks kicked off Fed week on a high note as market participants celebrated news of a potential peace deal between the U.S. and Iran.

Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.  The deal will blend Fox's sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku's streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing, spanning broadcast, cable, local and streaming, the companies said. "This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile," Fox Chief Executive Officer Lachlan Murdoch said in the statement. For more on Fox's acquisition of Roku, Bloomberg Intelligence Analyst on US Media, Geetha Ranganathan, joins Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence."

Today, June 15, 2026, a record-setting risk-on rally and a landmark SpaceX debut are reshaping sentiment across major U.S. benchmarks.

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

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