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Shares of FuboTV (FUBO -12.93%) were pulling back today after a surge last week that came on an agreement to merge with Disney's (DIS -0.69%) Hulu + Live TV.
In this video, I will cover recent updates about FuboTV (FUBO). Watch the short video to learn more, consider subscribing, and click the special offer link below.
It's official. The Walt Disney Company (DIS -1.01%) intends to become 70% owner of streaming television outfit (and cable alternative) FuboTV (FUBO -4.49%).
To say that FuboTV (FUBO -2.02%) is off to a great start in 2025 would be a major understatement. Shares of the sports-focused streaming provider are up by a staggering 272% for the week, heading into Friday.
Fubo (FUBO -2.02%) has secured an arrangement with Disney (DIS -1.46%) that improves its long-term viability.
Today's FOMO stock is FuboTV (FUBO) after its recent content deal with Walt Disney (DIS) to combine it with Hulu + Live TV (not including the Hulu streaming platform). Diane King Hall breaks down the story and the stock's continuing momentum since the announcement.
Live-TV streaming offerings are still far cheaper than cable and there may be more affordable bundles.
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of FuboTV Inc. (NYSE: FUBO) and The Walt Disney Company's (NYSE: DIS) Hulu + Live TV business. Pursuant to the terms of the agreement, at the closing of the transaction, Disney will own 70% of Fubo. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger.
Hulu is critical to Disney's (DIS 0.38%) streaming strategy, but the Hulu Live cable business wasn't part of those long-term plans. Instead of shutting it down, Bob Iger traded Hulu Live for a 70% stake in Fubo (FUBO 10.87%), which will be the second-largest digital cable provider in the U.S. In this video, Travis Hoium explains why this is such a big deal.
Disney and FuboTV just kicked off the 2025 media and entertainment M&A sweepstakes with the announced merger of their competing virtual MVPD services Hulu + Live TV and Fubo. And in the biggest “by the way” in M&A history, the deal also settles Fubo's lawsuit against Venu, the new “sports Hulu” from Disney, Warner Bros.