Disney Merges Hulu+ Live TV With Fubo, Secures 70% Stake

Benzinga

Disney and Fubo announced a merger combining their Hulu+ Live TV and Fubo streaming services. Disney will hold a 70% stake in the resulting publicly traded company, with Fubo shareholders owning the remaining 30%. The deal is expected to close within 12 to 18 months and will maintain Hulu+ Live TV and Fubo as separate services. Together, the platforms serve 6.2 million subscribers. Fubo specializes in sports and news content, offering regional sports networks that feature local professional games and command high distributor fees. Fubo’s stock surged 250%.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Disney and Fubo announced a merger combining their Hulu Plus Live TV and Fubo streaming services.

00:08Disney will hold a 70 percent stake in the resulting publicly traded company

00:12with Fubo shareholders owning the remaining 30 percent.

00:15The deal is expected to close within 12 to 18 months and will maintain Hulu Plus Live TV

00:20and Fubo as separate services. Together the platforms serve 6.2 million subscribers.

00:26Fubo specializes in sports and news content offering regional sports networks that feature

00:31local professional games and command high distributor fees. Fubo's stock surged 250 percent.

00:37For all things money visit benzinga.com slash gstv

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