FuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming.

FuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming.·Barrons.com

FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape. Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform, the two companies said in a joint press release Monday. Disney will own 70% of the new venture, which will operate under the Fubo name and be run by Fubo CEO David Gandler.

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