DOJ Issues Second Request in Fox–Roku Merger, Extending Review Window

Fox Corporation (NASDAQ: FOXA) disclosed in a Form 8‑K filed on September 8, 2026, that the U.S. Department of Justice has issued a “Second Request” for additional information under the Hart‑Scott‑Rodino antitrust review process, extending the waiting period for its proposed acquisition of Roku, Inc.

This regulatory step delays the completion timeline of the $22 billion acquisition, which was originally announced on June 14, 2026. The extended review window will last 30 days after both parties substantially comply with the information request, unless the DOJ terminates the review earlier or parties agree on an extension.

Fox’s current share price remains at $64.79 as of September 21, 2026, with no movement indicated. The Second Request introduces heightened regulatory uncertainty for the merger, which may slow integration planning and prolong investor uncertainty.

What Investors Should Watch Next

Key signals moving forward include the timing and scope of the parties’ submissions to the DOJ, whether the parties anticipate further extensions, and any public commentary from the DOJ or the companies regarding the review status. A resolution or clearance could reset investor expectations, while further delays or opposition could elevate deal risk.

In the meantime, Fox’s stock may trade with muted volatility, reflecting a cautious market mood amid regulatory scrutiny. The outcome of this review will be critical in shaping the merger’s path and potential strategic upside from integrating Roku’s streaming platform.

Investors are advised to monitor subsequent 8‑K filings, any DOJ statements related to antitrust considerations, and updated corporate disclosures from Fox or Roku concerning the merger timeline.