MergerSep 9, 2026, 09:36 AM
Roku Merger Faces DOJ Review; Closing Expected H1 2027
AI Summary
Roku, Inc. announced that both Roku and Fox Corporation received a Second Request for additional information from the U.S. Department of Justice concerning their proposed merger. This request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The companies expect the merger to close in the first half of 2027, pending regulatory approval and stockholder votes. A joint proxy statement/prospectus has been filed and distributed to shareholders.
Key Highlights
- Roku and Fox Corporation received a Second Request from the DOJ regarding their proposed merger.
- The Second Request extends the HSR Act waiting period until 30 days after substantial compliance.
- Roku expects the merger to be consummated by the first half of calendar year 2027.
- The merger is subject to HSR Act approval and stockholder approvals from both companies.
- A joint proxy statement/prospectus was filed and mailed to stockholders on September 1, 2026.
Price Impact
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