DOJ Second Request Extends Fox-Roku Merger Review
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Fox Corp. and Roku Inc. said the U.S. Department of Justice has issued a Second Request for information and documents in its antitrust review of their proposed merger, putting the deal on a longer regulatory timetable than the initial Hart-Scott-Rodino waiting period. The action does not block the transaction or disclose an agency finding against it. But it means the HSR waiting period now will not expire until 30 days after both companies have substantially complied with the request, unless the Justice Department ends the period earlier or the companies agree to extend it. Fox and Roku still expect the transaction to close in the first half of 2027, subject to regulatory, shareholder and other conditions. Both companies disclosed receiving the request on Sept. 8 in separate current reports. Roku's filing and a corresponding Fox filing provide the same procedural description: each company must supply additional material before the post-compliance 30-day period can begin. Hart-Scott-Rodino rules generally require parties to qualifying acquisitions to observe a pre-closing waiting period. A Second Request replaces that initial timetable with one tied to the companies' substantial compliance. In practical terms, Fox and Roku must assemble and submit the requested information and documents before the next statutory 30-day clock starts. The filings do not say what information the...
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