DOJ Expands Antitrust Inquiry into Fox's $22 Billion Roku Acquisition

By EC Assets · Published

The U.S. Justice Department is expanding its antitrust investigation into Fox's proposed $22 billion acquisition of streaming platform Roku. This widened inquiry follows a second request from the Department of Justice regarding the deal. Fox stock has been observed to lag Roku. Analysts indicate a general concern among Fox Corp. competitors. These competitors worry that Fox content could receive a favored position on the Roku streaming distribution system. Roku holds a dominant position in the market. The Justice Department is taking a closer look at the $22 billion Roku deal. confirmed the inquiry's expansion. This article is intended for informational purposes only. It does not constitute investment advice.

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