The Daily Buyout

Monday, November 9, 2026

The Daily Buyout

29 deals · $29.4B announced

Illustration for the top deal in this edition

Fox has officially closed its $22 billion purchase of Roku, months ahead of schedule. Power plants are changing hands too, with NRG selling $4 billion of gas generation to LS Power, and a Canadian oil sands deal and a cross-Pacific asset-manager buy round out a busy start to the week.

Top deal of the day

Fox closes $22B Roku acquisition, months ahead of schedule

$22BStrategic acquisitionMedia & TelecomCompleted

Fox Corporation has completed its $22 billion acquisition of Roku, bringing the connected-TV platform and its reach of more than 100 million households under Fox's ownership. The deal closed far earlier than the first-half-2027 target set in June, despite a Justice Department second request. Fox expects about $400 million of run-rate cost synergies within two years, and James Hardie will replace Roku in the S&P MidCap 400.

Why it matters: Fox says the combination makes it the third-largest U.S. TV business by viewership and shifts its mix toward streaming and connected-TV advertising, reducing reliance on traditional TV distribution.

Read at PR NewswireFree
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3
$2BStrategic acquisitionEnergy & Utilities

Strathcona to buy oil sands producer Greenfire in C$2.7B–2.9B deal

Strathcona Resources agreed to acquire all of Greenfire Resources in a share-or-cash election deal worth about C$2.7 billion to C$2.9 billion including roughly C$550 million of net debt. Strathcona will issue 43 million to 60 million shares and pay up to about C$740 million in cash. Waterous Energy Fund, which owns 72% of Greenfire and 57% of Strathcona, backs the deal.

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4
A$18B in AUMStrategic acquisitionFinancial Services

RBC to buy Australian asset manager Yarra Capital

Royal Bank of Canada agreed to acquire Yarra Capital Management, a Melbourne- and Sydney-based active manager specializing in Australian fixed income, equities and alternatives. Yarra has about A$18 billion in assets under management and roughly 75 employees. Financial terms were not disclosed.

Read at PR NewswireFree

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