US DOJ Widens Probe Into Fox’s Roku Deal, Semafor Reports
- 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.
16 Articles
16 Articles
DOJ Taking Closer Look at $22 Billion Fox-Roku Merger
The U.S. Department of Justice is seeking additional information about Fox’s pending $22 billion acquisition of Roku. On Tuesday, both Fox and Roku received a so-called “second request” for additional information by the regulator in connection with its review of the deal, the Murdoch-family owned media giant disclosed in an SEC filing on Wednesday. The move extends the merger’s waiting period under the Hart Scott Rodino Act until 30 days after b…
Report: Fox/Roku deal underscores growing value of TV OS
Fox’s planned acquisition of Roku for $22 billion (€18.9m) highlights the strategic value of owning the platform that connects consumers to content, advertising and streaming services, according to a Parks Associates report. Parks Associates’ Tech Ecosystem Dashboard, which includes data and analysis from surveys of 8,000+ US internet households, shows 43 per cent of US […]
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…
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