The U.S. Department of Justice is expanding its antitrust inquiry into Fox Corp's $22 billion acquisition of Roku.
The U.S. Department of Justice has issued a "second request" for additional information and documentation regarding Fox Corp's $22 billion acquisition of Roku. This move signals a deeper regulatory scrutiny of the merger, which aims to combine Fox's news and sports content with Roku's connected-TV operating system.
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Fox Corp stated that the request was expected and that the companies will continue to work cooperatively with the Department of Justice. The administration announced that the deal is still expected to close in the first half of 2027. Lachlan Murdoch, the CEO of Fox Corp, stated that his expectation is to run the two businesses separately while selling advertising across both. The merger is intended to provide Fox Corp with access to Roku's audience of 100 million homes and its data. The company recently parted ways with Maria Bartiromo, a prominent news anchor who was a close confidante of President Trump. While the administration announced that the deal is on track, the second request indicates that the merger may face a more challenging path forward than originally anticipated.
Sources
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Exclusive / Justice Department to take a closer look at Fox’s $22 billion Roku deal
semafor.com
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Fox Says DOJ Taking Closer Look at Roku Megadeal
The Hollywood Reporter