Fox’s $22 billion Roku acquisition likely to clear DOJ review under a consent decree
Fox Corp. is pursuing a $22 billion purchase of streaming platform Roku. People familiar with the Justice Department’s deliberations say the deal could move forward under a consent decree, despite opposition from Newsmax owner Chris Ruddy, a Trump ally. Fox CEO Lachlan Murdoch says the two businesses would be run separately while advertising is sold across both. The Department’s associate attorney general declined to comment but reiterated a focus on affordability.
Why it matters
If the consent decree is granted, the antitrust hurdle would be removed, increasing the likelihood that the transaction closes. Completion would combine Fox’s news and sports content with Roku’s TV operating system, potentially reshaping the streaming market.
Key facts
- 1Fox’s proposed acquisition of Roku is valued at $22 billion. finance.yahoo.com
- 2People familiar with DOJ deliberations say the deal could clear scrutiny under a consent decree. finance.yahoo.com
- 3Associate Attorney General Stanley Woodward declined to comment on the transaction. finance.yahoo.com
- 4Woodward said the department will continue to prioritize affordability for Americans. investing.com
- 5Fox CEO Lachlan Murdoch expects the two businesses to operate separately while selling advertising across both. investing.com
- 6The heightened antitrust review follows pressure from Newsmax majority owner Chris Ruddy, a Trump ally. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.