US DOJ Expands Antitrust Inquiry into Fox's Acquisition of Roku
The U.S. Department of Justice is expanding its antitrust investigation into the $22 billion acquisition deal between Fox and streaming platform Roku, according to a report by Semafor citing unnamed sources. The probe may involve a 'second request,' which typically requires companies to provide additional data and documents for regulatory review. Following news of the expanded inquiry, Roku's shares dropped approximately 2% in extended trading. Fox announced its intention to acquire Roku in June as part of a strategic move aimed at enhancing its advertising business and expanding online reach for sports and news content. The DOJ has not yet commented on the matter outside regular business hours, nor have Fox or Roku responded directly to inquiries from Reuters seeking confirmation.
