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Fox to Buy Roku at $22 Billion Value in Streaming Video Push

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."

Read more: Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Bloomberg

Trump Says Iran Deal Done, Turning Attention Back to Russia at G7

Evelyn Farkas, executive director of the McCain Institute, said that the US may incentivize further talks with Iran by unfreezing some assets seized during the course of the conflict after a short-term deal is signed to extend a ceasefire and reopen the Strait of Hormuz. Talking with French President Emmanuel Macron ahead of the G7 summit, President Trump told reporters that his attention is also turning back to Russia and Ukraine now that that short-term deal with Iran is done. Farkas said Russians have never been weaker militarily, economically, and politically than they are now.

Read more: Trump Says Iran Deal Done, Turning Attention Back to Russia at G7
Bloomberg

Salesforce to Buy AI Firm That Handles Customer Service

Salesforce Inc. has agreed to buy Fin, a firm that develops artificial intelligence-powered customer agents, for about $3.6 billion as the software company works to win new business for enterprise AI. Fin's flagship product, AI Agent, handles customer queries via chat, email, WhatsApp, text message, phone and Slack. Bloomberg Intelligence Technology Analyst Anurag Rana joined Paul Sweeney and Scarlet Fu on "Bloomberg Intelligence."

Read more: Salesforce to Buy AI Firm That Handles Customer Service
Bloomberg

Fox Will Buy Roku In Deal Worth About $22 Billion

Bloomberg Intelligence media analyst Geetha Rangananthan says this deal makes a lot of strategic sense because it gives Fox more of a gateway into streaming.  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. She appears on "Bloomberg Open Interest."

Read more: Fox Will Buy Roku In Deal Worth About $22 Billion
Bloomberg

Warsh Caught Between Trump, Bond Market Bet on Rate Hikes

Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. Inflation is roaring back at the fastest pace in three years. There's growing dissent among the central bank's policymakers. And investors have been dumping US Treasury bonds and piling into bets the Fed will need to start raising rates by December, defying President Trump's call to lower them instead.  We look ahead to this week's FOMC decision with Rebecca Patterson, Senior Fellow at the Council on Foreign Relations & former Chief Investment Strategist at Bridgewater Associates.

Read more: Warsh Caught Between Trump, Bond Market Bet on Rate Hikes