From the Bash docs
If a command is terminated by the control operator ‘&’, the shell executes the command asynchronously in a subshell. This is known as executing the command in the background. The shell does not wait for the command to finish, and the return status is 0 (true). When job control is not active (see Job Control), the standard input for asynchronous commands, in the absence of any explicit redirections, is redirected from /dev/null.
For more details take a look at the Bash tutorial