FuboTV Stock Rallies 6%, Shaking Off Sen. Warren’s Call for DOJ Review of Disney Deal

Tiger Newspress

21 Feb

FuboTV shares rallied 6.2% in premarket trading on Friday, reversing two-day losing streak. The sports-first live TV streaming platform will issue financial results for the fourth quarter and full year 2024 before the market opens on February 28, 2025.

Sen. Elizabeth Warren (D-Mass) wants the Dept. of Justice to carefully review Disney's planned deal to combine its Hulu + Live with FuboTV due to potential antitrust concerns. FuboTV shares briefly sank 3.8% and closed lower 0.3% on Thursday.

Warren says the combination may lead to higher prices, according to a Variety report on Thursday, which cited a letter to the DOJ's antitrust division.

“This proposed acquisition raises significant concerns under antitrust law, would give Disney increased market power and incentives to increase costs for viewers, and should be regarded as another data point in Disney’s history of anticompetitive behavior,” Warren wrote.

FuboTV dropped 4.9% on Wednesday amid a report that said that the DOJ is looking at the FUBO/Disney deal. DOJ attorneys are questioning media players if the combination may lead to Disney (DIS) raising programming costs for pay-TV distributors.

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Warren’s Call for DOJ Review of Disney Deal\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-02-21 17:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>FuboTV shares rallied 6.2% in premarket trading on Friday, reversing two-day losing streak. The sports-first live TV streaming platform will issue financial results for the fourth quarter and full year 2024 before the market opens on February 28, 2025.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9ddbc349b77de804588cfd231ac6790d\" tg-height=\"622\" tg-width=\"855\" title=\"\"/></p><p>Sen. 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Elizabeth Warren (D-Mass) wants the Dept. of Justice to carefully review Disney's planned deal to combine its Hulu + Live with FuboTV due to potential antitrust concerns. FuboTV shares briefly sank 3.8% and closed lower 0.3% on Thursday.Warren says the combination may lead to higher prices, according to a Variety report on Thursday, which cited a letter to the DOJ's antitrust division.“This proposed acquisition raises significant concerns under antitrust law, would give Disney increased market power and incentives to increase costs for viewers, and should be regarded as another data point in Disney’s history of anticompetitive behavior,” Warren wrote.FuboTV dropped 4.9% on Wednesday amid a report that said that the DOJ is looking at the FUBO/Disney deal. 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