DOJ sends second request in Fox's Roku acquisition review

  • The Justice Department requested additional acquisition information from Fox and Roku on Tuesday.
  • Fox's planned acquisition of Roku has an enterprise value of approximately $22 billion.
  • Fox and Roku target a first-half 2027 closing, subject to regulatory and shareholder approvals.

The U.S. Department of Justice has requested additional information from Fox Corp. and Roku as it reviews Fox's planned acquisition of the streaming-platform company, extending antitrust scrutiny of a transaction valued at about $22 billion in enterprise value. Fox and Roku said they expected the request, will cooperate with the department and continue to target a first-half 2027 closing, subject to regulatory and shareholder approvals. The proposed combination would give Fox access to Roku's platform, used by 100 million households to reach streaming services, while expanding Fox's advertising capabilities and reducing its reliance on traditional pay television. The request arrived after President Trump publicly criticized Fox's removal of anchor Maria Bartiromo, prompting some analysts to question whether political considerations could intensify the review. Legal specialists said additional DOJ requests are common in major merger reviews and do not themselves indicate that regulators will challenge the deal.

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