Brayden Dennis

So they probably just don't want to...

lack of better word piss off the you know the underwriters like the hand that feeds yeah yeah exactly by the hand that feeds them but it also puts retail investors in the crossfire so it's just something to be aware obviously if you're buying them now as you're listening to this you can do what you want if you want to trade them you know have at it that's your money i mean it's it's going to be volatile that is one thing that's for sure but i think you'll really start seeing the selling pressure once the lockup periods start happening now enough about spacex

Let's move on here to quite a few acquisitions that happened on Monday.

There was even a chemical one in the US that was pretty significant that I won't be talking about.

But the first one is Fox buying Roku.

So that values the offer at around $22 billion.

And the offer was at a price of $160 per share in a combination of cash and stock.

For those looking at the stock here, I was doing my notes earlier this morning.

And we are on June 17th here.

Roku shares are trading at around $138, so people might say, oh...

the market doesn't think that it will go through.

Well, actually it's pretty close to the offer value because it's a combination of cash and stock.

It's dependent on Fox stock, right?

So it's always that ratio of cash and stock, and it's actually quite close.

The 160 is more like the kind of headline number.

It's not necessarily like the value that will be attributed to the actual closing of the transaction.

And for those not familiar with Roku, it's one of the biggest connected TV platforms in the U.S.

And I think worldwide as well.

It gives more control to Fox over how viewers access streaming content.

And by buying Roku, Fox gets a platform that has more than 100 million users worldwide.