Fox's plan to acquire Roku for $22 billion has encountered a new development, with the Justice Department issuing a "second request" to both companies on Tuesday. This action requires Fox and Roku to provide additional data and documents as regulators scrutinise the proposed deal.
While a second request is a standard step in major antitrust reviews, it indicates that the DOJ has further questions beyond the initial filings. Regulators are examining how the deal could affect competition and consumers.
The acquisition is considered more than a typical media deal, given Fox's content portfolio and Roku's significant platform influence over how consumers access streaming services. Concerns include potential preferential placement for Fox's services and the use of Roku's data for advertising.
Fox CEO Lachlan Murdoch has stated he expects the two businesses to operate separately. The deal is anticipated to close in the first half of 2027.