Technology
DOJ wants more answers on Fox's $22B Roku deal
Reported by Tanvi Pillai (Section Editor) · TechCrunch ·
The Justice Department has sent a second request to Fox and Roku, asking the companies to turn over more data and documents as it takes a closer look at the $22 billion deal. The request is a standard step in a major antitrust review, but it also means the DOJ has more questions than it could answer from the companies' initial filings. A second request doesn't necessarily mean the DOJ is preparing to block the deal, but it does signal that regulators want a much closer look at how it could affect competition and consumers. Fox owns a vast collection of news, sports, and entertainment content, as well as Tubi, its free, ad-supported streaming service. Roku, meanwhile, operates one of the biggest platforms between viewers and that content, with its operating system built into millions of TVs and streaming devices. This raises obvious questions for Roku's competitors, such as whether a Fox-owned Roku would give Fox's services more prominent placement, or if rival streaming services would be pushed lower on the home screen. Fox CEO Lachlan Murdoch has tried to reassure competitors, saying he expects the two businesses to operate separately. The investigation comes as the DOJ has faced criticism over how it handles major mergers, including questions about political influence. The deal is expected to close sometime in the first half of 2027.
More in Technology
Technology
Apple unveils Watch Series 12 and Watch Ultra 4 with an AI upgrade that can recap your day
Reported by Deepak Mishra (Copy Editor) · TechCrunch ·