Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels. 

Roku (ROKU 142.24, -1.42, -0.99%) is trading lower despite Fox Corporation (FOXA 54.90, -10.96, -16.64%) agreeing to acquire the company for $160.00 per share in a cash-and-stock deal, as investors weigh the modest remaining upside to the headline value against deal-spread, regulatory, Fox shareholder approval, and FOXA share-price risk. The bid values ROKU at about $22 billion and follows last week's sale-speculation surge, making the premium meaningful versus ROKU's pre-rumor price but much smaller versus Friday's elevated close.