Stock Track | fuboTV Soars 5.13% as Investors Cheer Hulu+Live TV Merger Deal

Stock Track

01-09

Shares of fuboTV Inc. (FUBO) soared 5.13% on Wednesday's trading session, as investors reacted positively to the company's announced deal to combine with Walt Disney's Hulu + Live TV streaming service.

The deal, announced on Monday, will see the two live TV streaming services merge to create a combined offering with over 6 million North American subscribers. This makes the new entity the second-largest live TV streaming player behind only YouTube TV.

Analysts view the consolidation as a positive for fuboTV, providing increased scale and offering opportunities for new bundles and pricing strategies. fuboTV CEO David Gandler suggested the company could launch a "skinnier" lower-cost bundle with fewer networks to attract more cost-conscious consumers impacted by ongoing streaming price inflation.

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(FUBO) soared 5.13% on Wednesday's trading session, as investors reacted positively to the company's announced deal to combine with Walt Disney's Hulu + Live TV streaming service.</p>\n<p>The deal, announced on Monday, will see the two live TV streaming services merge to create a combined offering with over 6 million North American subscribers. 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