US DOJ widens probe into Fox's Roku deal, Semafor reports
Regulators want more documents as they examine whether the merger could favor Fox content and limit rival access on Roku’s platform.
- 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.
32 Articles
32 Articles
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The Department of Justice requested additional information from Fox about its planned acquisition of San Jose-based Roku, which operates its own ad-supported streaming service and sells hardware such as connected TV devices.
Filing: Justice Department seeks information about Fox-Roku deal
An office building at the San Jose, California campus of streaming television technology developer Roku. (Photo via Google Street View) The U.S. Department of Justice (DOJ) has requested additional information from Fox and Roku as part of its antitrust review of Fox’s proposed $22 billion acquisition of the streaming platform, according to a regulatory filing published this week. On Wednesday, Fox disclosed both companies received what is known …
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