Fubo (FUBO) is soaring nearly 200% today, while BlackBerry (BB) is climbing 8%. Fubo is a TV streaming player, and BlackBerry sells IT security systems and software used in automobiles.

Fubo to Merge With Disney Assets

Disney (DIS) and Fubo announced that Disney's Hulu+Live TV offering will be combined with Fubo. Further, Disney will control 70% of the new firm which will be called Fubo and continue to trade under the symbol FUBO. Also noteworthy is that the combined firm will be headed by Fubo's current senior executives, including its CEO, David Gandler.

A modern streaming device on an HD TV, showcasing the company's VOD services.

Under the arrangement, Fubo will launch a sports and broadcasting offering which will be headlined by Disney's current channels. Among the prominent channels that will be featured are ABC, ESPN, ACCN, SECN, and ESPN+.

Additionally,  Disney agreed to provide a term loan of $145 million to Fubo in 2026, while Fubo committed to settling its lawsuits with Disney, Fox (FOX), and Warner Bros Discovery (WBD). As a result of these settlements, Fubo is slated to receive a combined $220 million.

BlackBerry to Partner With Microsoft

BlackBerry reported that its QNX unit would cooperate with Microsoft (MSFT) "to make it easier for automakers to build, test, and refine software within the cloud, accelerating the development of Software-Defined Vehicles."

BlackBerry noted that, as a result of the agreement, its  QNX Software Development Platform (SDP) 8.0 software would soon be added to the offerings of Microsoft's cloud division, Azure. In the future, two more of BlackBerry's software products for automobiles --the QNX Hypervisor and the QNX Cabin -- will also be added to the offering on Azure, Blackberry stated.

QNX Hypervisor " offers a comprehensive virtualization solution," while QNX Cabin enables automakers  "to develop hardware agnostic digital cockpits using the cloud," BB noted. The latter offering is "new," the firm reported.

While we acknowledge the potential of FUBO, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FUBO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ ALSO  8 Best Wide Moat Stocks to Buy Now  and  30 Most Important AI Stocks According to BlackRock Disclosure: The author owns shares of BB but has no intention of trading them in the next 24 hours. This article is originally published at Insider Monkey.