Fox Looks to Sell $8 Billion of High-Grade Bonds for Roku Deal Roku headquarters in San Jose, California. · Bloomberg · Bloomberg Brian Smith and Michael Gambale Mon, November 9, 2026 at 12:15 PM EST 2 min read ROKU 0.00% MSFT +2.76% META +5.53% AAPL +2.58% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
(Bloomberg) -- Fox Corp. is looking to raise around $8 billion from an investment-grade bond sale to help fund its acquisition of Roku Inc.
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Investor calls are taking place Monday, and the notes may be sold as soon as this week, according to people with knowledge of the matter. The offering is coming to the market soon after Fox closed the $22 billion deal on Friday, months ahead of initial expectations.
The pending offering follows the fourth-busiest week of US high-grade bond sales, which occurred despite market volatility centered on tech firms' securities. Heavyweights including Microsoft Corp., Meta Platforms Inc. and Apple Inc. have issued notes within the past two weeks — part of a record $1.87 trillion of volume so far this year.
Fox borrowed $8.4 billion under a bridge facility to pay the cash portion of the takeover, according to a filing. Such temporary funding is typically replaced by more permanent financing like bonds. Fox also obtained $2 billion under a term loan agreement with Morgan Stanley.
The bond offering may include notes of about seven different maturities ranging from three to 40 years, the people said, asking not to be identified as they're not authorized to speak publicly.
Fox and Morgan Stanley didn't immediately respond to requests for comment.
Roku's streaming platform has more than 100 million subscribers. The combination will create the third-largest player in the US television market by viewing share across broadcast, cable, local and streaming, the companies had said.
Fox bought Tubi in 2020, and it has since become a major growth engine for the company. Combining Tubi with Roku will expand Fox's presence in free, ad-supported streaming as consumers increasingly shift toward streaming and cheaper, ad-supported plans.
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