Some activity in media stocks:
1. Fox will acquire Roku for $160.00 per share in a combination of cash and FOX Class A common stock, valuing Roku at approximately $22 billion in enterprise value
$ROKU halted
$FOX 57.24, -8.81, -13.4%
2. Justice Department has approved the Paramount Skydance & Warner Bros Discovery merger, according to Deadline.
$PSKY 10.85, +0.38, +3.6%
$WBD 27.16, +0.18, +0.7%