DOJ Taking Closer Look at $22 Billion Fox-Roku Merger

The U.S. Department of Justice is requesting more information about Fox's planned $22 billion acquisition of Roku, according to an SEC filing disclosed on Wednesday. Both companies received a "second request" for additional details in connection with the regulator's review of the deal, extending the merger's waiting period under the Hart Scott Rodino Act until 30 days after both entities substantially address the request, unless the DOJ shortens the period or the merging companies agree to prolong it further.

Fox acknowledged the request's expectation and expressed readiness to cooperate with the DOJ. If the acquisition is approved, it would solidify Fox's position as the leading player in the ad-supported streaming sector, as the company already owns Tubi, a platform with 110 million monthly active users, and Roku, which serves over 100 million streaming households.

This merger would also place Fox as the second-largest distributor by viewership in the U.S., trailing only YouTube. The merging process is scheduled to conclude in the first half of 2027, contingent on the HSR expiration and the fulfillment of additional closing conditions, including approvals from Fox and Roku shareholders.