The Department of Justice (DOJ) has asked Fox and Roku to provide additional data and documents regarding Fox’s planned $22 billion acquisition of Roku. This second request is a routine part of an in-depth antitrust investigation, signaling that the DOJ requires more information to assess the transaction thoroughly. While it does not imply a decision to block the deal, it reflects regulatory caution.
Fox’s acquisition of Roku is notable because it combines a major content owner with a leading streaming platform. Fox controls a broad portfolio of news, sports, and entertainment content, including the ad-supported streaming service Tubi. Roku operates a widely used streaming operating system embedded in millions of devices, influencing how viewers access and discover content.
Regulators are likely examining whether Fox’s ownership of Roku could lead to preferential treatment of Fox’s content and services on the platform, potentially disadvantaging competing streaming providers. Concerns include the possibility of Fox leveraging Roku’s user data to enhance its advertising business and whether rival services might receive less favorable placement.
Fox CEO Lachlan Murdoch has stated that the companies will continue to operate independently, aiming to alleviate competitive concerns. However, the DOJ’s scrutiny comes amid broader criticism of how politically connected mergers are reviewed, especially given the Murdochs’ ties to former President Trump.
The outcome of this review may set a precedent for how the DOJ approaches mergers involving influential media companies with political connections. The deal is currently expected to close in the first half of 2027.