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Sep 25, 12:14 AM
Newsmax CEO Chris Ruddy is urging the Justice Department to block Fox Corp.’s proposed
$22 billion acquisition of Roku, using his White House access to escalate a regulatory dispute with his company’s larger rival, according to Semafor.
Federal antitrust prosecutors have expanded their review of the deal’s potential impact on streaming competition following contacts from Ruddy and his allies, according to communications reviewed by Semafor and people familiar with the matter. The campaign comes as Newsmax pursues a refiled antitrust lawsuit against Fox, alleging that the company used exclusive distribution agreements to limit smaller conservative competitors on streaming platforms.
Fox has rejected the allegations, arguing that Newsmax is using litigation to address its market challenges. The expanded DOJ review could add regulatory scrutiny and potentially delay the transaction.
$NMAX $ROKU $FOX
