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.
22 Articles
22 Articles
The Murdoch Empire Wants To Expand. Washington Has Questions. - American Liberty News
A reported demand for additional records could extend Washington’s review of the proposed media merger, although it does not mean the Justice Department has decided to challenge the transaction. The Justice Department is preparing to intensify its antitrust review of Fox Corp.’s proposed $22 billion acquisition of Roku, according to a new report, adding another […]
Fox Says DOJ Requests More Documents in Review of $22 Billion Roku Deal ‘as Expected’
Fox Corp.’s bid for streaming platform Roku is undergoing review by the Justice Department, with the U.S. agency requesting additional documents related to the proposed deal. On Tuesday, Sept. 8, “as expected, each of Fox and Roku received a request for additional information and documentary material” — referred to as a “second request” in regulatory […]
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…
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