Fox → Roku ($22B) — Engine-Derived M&A Teardown
Real $22B enterprise-value acquisition, analyzed end-to-end via the OloLand merger toolchain. The headline is a modest +11.4% premium; the buried number is the $14.2B of cash — funded by a $12B Morgan Stanley bridge — that drives a ~40% Year-1 EPS hit. The teardown below is exactly what a buy-side PM receives from a single Claude Cowork session: every figure is engine-derived from the announcement and FY25 filings, and replayable from deal record merger_395c4ea16cde.
All engine inputs trace to publicly-filed primary sources: the Fox press release and Form 8-K (filed 2026-06-15) and Roku's FY2025 Form 10-K. The buy-side analysis was generated against those filings — not against press summaries. Forward EPS, synergy phasing, interest rate, and CTV ad-market / HHI inputs are analyst estimates, clearly identified as such in the report; results are sensitive to them.
Interactive teardown
Open in new tabEngine ledger — every number is replayable
Each run ID below is a deterministic engine invocation persisted in OloLand's observability layer under deal record merger_395c4ea16cde. A subscriber can replay any of them, audit the inputs, and reproduce the output. That's what “verifiable” means in our subhead.
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Premium analysis, accretion-dilution, antitrust HHI screen, and a combined DCF — generated end-to-end from public filings. Every output carries a run_id you can replay.