Fox completes 22 billion dollar Roku acquisition as Justice Department ends investigation

The United States Department of Justice closed its antitrust probe into Fox Corporation's 22 billion dollar acquisition of Roku, UPI and StreetInsider both report. According to UPI and The Washington Post, the decision allowed Fox to complete its purchase of the streaming platform. [1][2][5]

Federal regulators had investigated whether the merger would lessen competition or prompt Fox to prefer its own television, news, and sports programming over rival content. UPI reported that the government ended the inquiry after Fox agreed to measures designed to protect competing streaming services. Titles from Yahoo Finance UK and IMDb indicate that Fox committed to carrying non-Fox content on Roku for at least three years. [1][3][4]

The transaction combines Fox's television and sports operations with a platform reaching more than 100 million households worldwide, UPI reported. According to MLQ.ai, the acquisition closed months ahead of schedule. [1][7]

Roku is headquartered in San Jose, California, and pioneered direct video streaming through its first streaming player launched in 2008. The company operates two main segments, generating platform revenue through targeted advertising, content distribution fees, and subscriptions. [9]