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Transactional
Fox To Acquire Roku In Massive $22 Billion Cash-And-Stock Merger
Fox is purchasing Roku for $160.00 per share in a cash-and-stock transaction that values the streaming platform at approximately $22 billion in enterprise value. Under the terms of the definitive agreement, Roku shareholders will receive $96.00 in cash and 0.9693 shares of Fox Class A common stock for each share they hold. Upon completion, existing Fox shareholders will own roughly 73% of the combined entity, leaving Roku equity holders with a 27% stake...
Litigation
Federal Judge Grants Preliminary Approval to $38 Billion Visa and Mastercard...
Visa and Mastercard received preliminary approval from a federal judge for a revised $38 billion antitrust settlement with merchants over excessive credit card processing fees. The deal covers more than 12 million merchants and nears the resolution of litigation that began in 2005 over alleged interchange fee price-fixing. According to Quartz, District Judge Brian M. Cogan advanced the agreement after a different judge rejected a previous $30 billion proposal in June 2024 for failing to lower fees sufficiently...
Policy
Securities and Exchange Commission Proposes Rescinding Key Regulation NMS Rules
The Securities and Exchange Commission has proposed amendments that would rescind two Regulation NMS rules governing U.S. equity markets. The proposal would eliminate Rule 611, which contains the trade-through prohibition for national market system stocks, and Rule 610(e), which restricts locking and crossing quotations...
Features
Google and Anthropic Back Frontier’s $915 Million Carbon Removal Push
Frontier has raised another $915 million from corporate buyers including Stripe, Google, Shopify, Salesforce, H&M Group, and Anthropic to support permanent carbon removal projects. The new funding doubles the coalition’s total commitment to $1.8 billion, giving emerging carbon removal companies more long-term demand as they move toward commercial scale...




























