From Rivalry To Revolution: FuboTV To Combine With Disney's Hulu + Live TV, Settles Litigation
FuboTV Inc. (NYSE:FUBO) shares skyrocketed on Monday after the company, along with The Walt Disney Company (NYSE:DIS), finalized a definitive agreement to combine Disney’s Hulu + Live TV with Fubo, forming a combined virtual MVPD company. The combined entity will be majority-owned by Disney, which will hold 70% of the venture, with Fubo continuing to operate under the leadership of CEO David Gandler. Following the closing of the Transaction, Fubo will be governed by a board, with the majority ap