DOJ Demands More Data on Fox's Proposed $22 Billion Acquisition of Roku

The Justice Department has intensified its scrutiny of Fox Corporation's planned $22 billion acquisition of streaming platform Roku by issuing a "second request" for additional documents and data. This action signifies a more in-depth antitrust review of the proposed merger, indicating potential regulatory challenges ahead for the deal.

While Fox described the "second request" as an expected procedural step, it signals that the Justice Department requires further information to assess the competitive implications of the transaction. This development could lead to a prolonged review process and may influence the ultimate approval of the acquisition.