Home / Business and Economy / DOJ Probes Fox's $22B Roku Deal Further
DOJ Probes Fox's $22B Roku Deal Further
9 Sep
Summary
- DOJ is expanding its antitrust inquiry into Fox's Roku acquisition.
- A 'second request' for more information means further data scrutiny.
- Fox aims to boost advertising and online reach with the Roku purchase.
The U.S. Department of Justice is broadening its antitrust investigation into Fox Corporation's proposed $22 billion acquisition of streaming platform Roku. This escalation involves issuing a "second request" to both companies, a formal demand for further extensive data and documentation concerning the deal.
Fox announced the cash-and-stock transaction in June. The broadcaster's strategic goal is to utilize Roku to strengthen its advertising capabilities and expand the online distribution of its sports and news programming. The DOJ's deepened scrutiny suggests potential concerns regarding market competition or other antitrust issues related to this significant merger.
