US DOJ Widens Antitrust Probe Into Fox Roku Deal
The US Department of Justice is expanding its antitrust inquiry into the Fox acquisition of streaming platform Roku. Shares of Roku declined in extended trading following the news of the upcoming second request for information.
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The United States Department of Justice is expanding its antitrust review of FOX CORP - CLASS B's $22B acquisition of ROKU INC to a second request, people familiar with the matter said on Tuesday morning. The inquiry follows the June agreement valuing the streaming platform at $160 per share to combine broadcast assets with a digital reach spanning over 100 million households. ROKU INC shares fell 2% in extended trading following the report.
