Fox Corp. and Roku received a second request for additional information from the U.S. Department of Justice on Tuesday, as the agency continues its antitrust review of Fox's planned acquisition of the streaming platform company. Under the HSR Act, this second request keeps the waiting period open until 30 days after both companies have substantially complied, though the DOJ may close the period sooner or the parties may agree to extend it. Both companies characterized the step as routine and said they intend to cooperate fully. They still expect the deal to close in the first half of 2027, pending regulatory and stockholder approvals. The merger agreement, signed on June 14, 2026, values Roku at approximately $22 billion in enterprise value, with each Roku share exchanged for $96 in cash plus 0.9693 shares of Fox Class A common stock. Fox shareholders are expected to own about 73% of the combined company, and Roku's Anthony Wood will join the Fox board. The scrutiny follows competitor concerns about content discovery and advertising data, though the second request does not indicate the DOJ intends to block the deal.
Fox Corp Class ADOJ second request in antitrust review of Fox's acquisition of Roku; routine but keeps deal pending.
Roku IncDOJ second request in antitrust review of Roku's acquisition by Fox; routine but keeps deal pending.
