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FGS Global handles Fox Corp. as it agrees to acquire The Roku Channel, which relies on Joele Frank, in a deal valued at $22B.
Roku’s streaming platform reaches more than 100M households, more than half of which are in the US.
The transaction creates the No. 3 biggest TV player by share of viewing with a mix of Fox’s sports, news and entertainment content.
CEO Lachlan Murdoch called the deal “a defining moment for Fox and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade.”
The addition of Roku advances Fox’s business mix toward high growth streaming and connected TV verticals and maintains a balanced mix across advertising and distribution businesses.
FGS Global (John Christiansen, Kerry Golds, Jeff Huber and Noelle Amos) represents Fox, while Joele Frank, Wilkinson Brimmer Katcher (Jed Repko, Joseph Sala and Allison Sobel) handles Roku.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
Burson Buchanan handles AAR Corp as the supplier of parts and services to the aviation market acquires a 65 percent stake in MRO Holdings.
The financial services industry thinks it needs more communications, when the real issue is credibility—and that requires entirely different solutions.
Starting out with the goal of creating a “different model” for communications, Tier One’s leaders discuss creating value for firms in financial/fintech, professional services and other high-tech industries.
