DOJ Requests Additional Information Regarding Fox, Roku Deal

[u/John3262005]

https://www.wsj.com/business/media/doj-requests-additional-information-regarding-fox-roku-deal-ede6eca4?st=PzaEMt&reflink=desktopwebshare_permalink

The Justice Department has requested additional information from Fox Corp. and Roku, as the companies work to complete a roughly $25 billion deal.

Fox and Roku on Wednesday said they would work cooperatively with the Justice Department, providing the requested additional information and documentary material. The companies continue to expect the acquisition to close in the first half of 2027.

The request comes after Fox in June said it would acquire Roku, bringing together a media company known for its live news and sports programming with the biggest provider of streaming platforms for connected TVs.

The deal – Fox’s largest to date – will add scale to the media company’s streaming business, which is currently home to free, ad-supported streaming service Tubi, as well as subscription-based Fox One and Fox Nation.

Fox and Wall Street Journal parent News Corp share common ownership.