30 Trillion Won Streaming Betting... Fox Stock Plummets in Two Days

Fox Corporation’s Class A shares (NASDAQ: FOXA) closed at $52, down 5.04% on the day. Trading volume surged to 15.66 million shares—well above its usual level—and its market capitalization fell by roughly $500 million to about $10.3 billion (around KRW 14 trillion).

The day before, Fox agreed to acquire streaming platform Roku for approximately $22 billion (around KRW 30 trillion) in cash and stock. Concerns over the high purchase price and added financial burden drove the share price down about 15% immediately after the announcement, and the weakness persisted.

Earlier this year, Fox named Amazon Web Services its preferred AI cloud provider as part of ongoing investments to strengthen its advertising technology and streaming capabilities.

Controlled by the Murdoch family, Fox Corporation is a U.S. media group owning numerous news, sports, and entertainment channels—including Fox News, Fox Sports, and Tubi. In fiscal 2025, the company reported revenue of approximately $16.3 billion (about KRW 20 trillion). The Roku acquisition marks a strategic shift for the cable-focused Fox to expand its presence in the connected-TV and streaming-advertising market. The success of the integrated platform’s synergies will be key to any stock price recovery.