Fox Must Produce Carriage Deals In Newsmax Antitrust Suit

Fox Corporation (FOXA) disclosed a deeper DOJ review of its proposed acquisition of Roku (ROKU), extending the premerger waiting period. The deal, expected to close by H1 2027, aims to combine content with distribution, but regulatory conditions and integration challenges may impact its value.

Researchers found Samsung and LG smart TVs capture screenshots frequently, even from external devices, except when using Netflix or YouTube apps. This data feeds targeted advertising. Walmart acquired Vizio for $2.3B, and Fox agreed to buy Roku for $22B, both for TV advertising data. Legal actions in Texas and Kentucky aim to regulate this practice. Roku, Samsung, and LG provide ways to disable ACR, but the process can be complex. Samsung settled with Texas, requiring opt-in consent for data col

Fox Corp. (FOXA) shares rose 3.7% after Citizens JMP initiated coverage with a Market Outperform rating and a $95 price target, citing its focus on live sports and news. The stock later settled at $68.32, up 3.6%. Fox has seen limited volatility, with only 7 moves greater than 5% in the past year. The company is down 7.4% year-to-date and trades 10.2% below its 52-week high.

Fox Corporation's Class A shares (FOXA) rose 2.07% to $65.18 on Thursday, despite the DOJ's deeper review of its $22B Roku acquisition. The deal, expected to close in early 2027, involves issuing shares and taking on debt. Fox aims to maintain investment-grade ratings and continue capital returns, but financing costs may be higher due to current interest rates. The companies face shareholder votes in October and ongoing regulatory scrutiny.

Paramount Skydance faces legal issues as California AG's statements contradict prior arguments against its $1.88B bond request. The bond aims to address risks from the Warner Bros. Discovery merger, which authorities seek to block. The DOJ is also expanding its antitrust probe into Fox's $22B acquisition of Roku, announced at $160 per share. Additionally, AI music ventures like Suno's partnership with Warner Music and BMG are gaining traction, despite industry criticism and regulatory scrutiny.

Fox Corp. expects its $22B acquisition of Roku to close in 2027, despite a DOJ request for more documents. Fox filed the disclosure with the SEC, noting the deal is on schedule. The acquisition, priced at $160 per Roku share, requires regulatory and shareholder approval. Fox reported strong fiscal 2026 earnings, with EBITDA rising 8% to $3.9B. Fox plans to maintain Roku's open platform and expects revenue growth to drive deleveraging post-deal.