US DOJ widens probe into Fox’s Roku deal, Semafor reports
DOJ staff plan a second request for records as they examine whether Fox’s $22 billion Roku deal could limit rival programmers’ access.
- On Tuesday, the Justice Department widened its antitrust inquiry into Fox's $22 billion acquisition of Roku, planning to issue a 'second request' for additional documents and data from both companies.
- Fox unveiled the $160 per share deal months ago, aiming to combine its broadcast and sports operations with Roku's streaming reach to access more than 100 million households using the platform.
- With the inquiry in the information-gathering stage, DOJ staff plan to seek more information through a 'second request,' requiring both Fox and Roku to produce substantial additional records in the coming weeks.
- Industry rivals have raised concerns that the merged company could favor Fox-owned material, particularly since Roku's free, ad-supported channel already competes for viewers with Fox-owned Tubi.
- FOX CEO Lachlan Murdoch previously stated his 'expectation' is to run the two businesses separately while selling advertising across them, and Fox has argued it has a history of growing platforms without shutting out third-party content.
12 Articles
12 Articles
The U.S. Department of Justice expanded its competitive investigation into Fox's acquisition of the Roku streaming platform for $22 billion, reported the Semafor website, citing sources on the subject. The offensive of the folder occurs a few months after Fox announced the transaction valued at $160 per action, whose goal is to integrate its television divisions and sports into Roku's streaming ecosystem. If approved, the merger will position th…
Fox Deal to Buy Roku Faces a Deeper Justice Department Review
The U.S. Department of Justice is expanding its antitrust review of Fox Corporation’s proposed $22 billion acquisition of streaming platform Roku, according to people familiar with the matter. Regulators plan to issue a second request for additional documents and data from both companies, a step that typically signals closer scrutiny of how the combination could […]
DOJ Expands Antitrust Probe into Fox-Roku $22 Billion Deal
The U.S. Department of Justice has expanded its antitrust investigation into Fox's $22 billion acquisition deal for the streaming platform Roku. Following the news, Roku's shares dropped by around 2%. This second request involves more data and documents as the DOJ scrutinizes the transaction's potential impact on competition.
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