Fox Corporation disclosed that both it and Roku, Inc. received a request for additional information (a "Second Request") from the U.S. Department of Justice (DOJ) concerning their proposed merger. This action extends the regulatory antitrust review period under the Hart-Scott-Rodino (HSR) Act and adjusts the expected timeline for the transaction's completion.
Key Details
- Regulatory Action: The DOJ issued the Second Request on September 8, 2026, indicating a more in-depth review of the merger's potential competitive impact.
- Timeline Impact: The HSR waiting period is now extended until 30 days after both companies substantially comply with the information request. Fox now expects the merger to close in the first half of 2027.
- Transaction Background: The request relates to the definitive merger agreement announced on June 14, 2026, under which Fox plans to acquire Roku.