DistantNews
Support us
🇸🇬 Singapore /Economy & Trade

US DOJ widens probe into Fox's Roku deal, Semafor reports

From CNA · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Unnamed sources Under investigation
  • The U.S. Justice Department is widening its antitrust inquiry into Fox’s proposed $22 billion acquisition of streaming platform Roku, Semafor reported, citing people familiar with the matter.
  • The department plans to issue a “second request” for additional data and documents from the companies, while Reuters said it could not immediately verify the report.
  • Roku shares fell about 2% in extended trading after the report.

The U.S. Department of Justice is widening its antitrust inquiry into Fox’s proposed $22 billion acquisition of streaming platform Roku, Semafor reported on Tuesday, citing people familiar with the matter.

The department plans to seek additional information from Fox and Roku through a “second request,” which involves another round of data and document sharing, Semafor reported. Roku shares fell about 2% in extended trading after the report.

Reuters said it could not immediately verify the report. The Justice Department, Fox and Roku did not immediately respond to requests for comment outside business hours.

Fox said in June that it would acquire Roku in a cash-and-stock deal. The broadcaster said the purchase would strengthen its advertising business and expand the online reach of its sports and news content.

About this summary

Originally published by CNA. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog