DOJ Issues Second Request for Information in Fox-Roku Merger Review
The U.S. Department of Justice (DOJ) has issued a second request for information as part of its antitrust review of the $22 billion merger between Fox Corp and Roku, which is expected to close by mid-2027 if approved. Fox and Roku described the move as routine under the Hart-Scott-Rodino Act (HSR), keeping the waiting period open until both parties substantially comply with the request. The deal involves a two-step merger where Roku would first become a wholly owned subsidiary of Fox before merging into another Fox entity, combining Fox's content portfolio with Roku’s connected-TV platform. The transaction is valued at $22 billion in enterprise value and includes cash plus stock for each Roku share. Concerns have been raised about potential antitrust issues related to market dominance over streaming discovery features and advertising data.
Topics: DOJ review Fox Corp. merger Roku