Piper Sandler downgraded Roku (ROKU) to Neutral from Overweight with a price target of $160, up from $148, after Fox Corp. (FOXA) agreed to acqu...

Fox is set to buy Roku for $160 per share in a cash and stock deal, reuniting two companies after Roku's stock surged 20% on sale reports.

Fox shares plummet nearly 10% following the announcement of its massive $22 billion acquisition of Roku. Get the financial breakdown.