US DOJ expands antitrust probe into Fox's $22 billion Roku acquisition
The U.S. Department of Justice is launching a second request for information during its antitrust investigation into the $22 billion purchase of Roku by 21st Century Fox.
On Tuesday, reports indicated that the U.S. Department of Justice widened its antitrust inquiry regarding 21st Century Fox's $22 billion deal to acquire streaming service Roku. The expansion involves a 'second request,' which mandates an additional round of data and document sharing between regulators and the two companies. Following the announcement, Roku shares declined approximately 2 percent in extended trading. In June, Fox confirmed the transaction was structured as a cash-and-stock offer, intended to bolster its advertising revenue and broaden digital distribution for its sports and news properties. Both the DOJ and the corporations involved did not immediately comment when approached by reporters outside business hours. Reuters could not independently verify the specific details of the expanded probe.
