Fox Slides, SpaceX Gains, TripAdvisor Soars | Stock Movers

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Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: - Fox (FOX) will acquire Roku for $160 a share in a cash-and-stock deal that values the streaming video platform at an enterprise value of about $22 billion. Fox intends to finance the cash portion of the transaction with about $8.3 billion of new debt as well as cash, according to a separate release. The sharp decline in Fox shares means the stock component of the agreement would be worth less if it holds through the closing of the deal. - SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value. - TripAdvisor (TRIP) shares soar as much as 14%, the most intraday since Aug. 8, after the online travel-research company agreed to sell restaurant reservation platform TheFork to American Express for $700 million. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on