The Department of Justice’s Antitrust Division Friday announced that it closed its investigation into Fox Corp.’s $22 billion acquisition of Roku after finding the deal “is not likely to result in harm to competition.”
\n\nHowever, Fox — which announced the completion of the Roku deal Friday — made several commitments to the DOJ in connection with the deal.
\n\nAccording to the DOJ, “Consistent with the Division’s finding that the transaction is unlikely to result in harm to competition, Fox has committed that Roku will remain an open and neutral content partner post-merger.”
\n\nSpecifically, Fox has committed to abide by the following four conditions:
\n\nThe DOJ’s Antitrust Division opened an investigation into Fox’s proposed Roku acquisition, as is customary, and in September issued second requests for documentation to Fox and Roku. According to the agency, the division “analyzed whether the proposed merger may harm competition among free, ad-supported streaming providers” and “considered whether Fox might use its control of the Roku platform to disadvantage its content rivals post-merger.”
\n\nThe Justice Department concluded that Fox’s Roku takeover would be “unlikely” to introduce “substantial risk of harm.”
\n\n“The Division concluded that the entry of free, ad-supported streaming providers would be timely, likely, and…
Original source: https://variety.com/