Fubo's stock skyrockets on Disney Hulu+ Live TV deal

Dow Jones

Jan 06, 2025

MW Fubo's stock skyrockets on Disney Hulu+ Live TV deal

By James Rogers

Fubo shares are up more than 166% in premarket trades

Shares of FuboTV Inc. are up 166.7% in premarket trades after the company announced a deal to combine Walt Disney Co.'s Hulu + Live TV service with Fubo.

The combined business will operate under the Fubo $(FUBO)$ publicly traded company name led by the existing Fubo management team, the companies said, in a statement. Disney $(DIS)$ will become the majority owner of the resulting company, with 70% ownership.

As part of the deal, all litigation between Fubo and Disney has been settled.

Related: Fubo stock gains again after judge blocks Disney-Fox-WBD sports streaming bundle due to 'near-monopolistic' concerns

Fubo has been involved in legal action against Disney, Fox Corp. $(FOX)$, and Warner Bros Discovery $(WBD)$ over the Venu Sports streaming service. . Fubo had argued that the service from Disney, Fox and Warner Bros could reduce competition.

Disney shares are up 0.5% in premarket trades.

Fox Corp. and News Corp $(NWSA)$ $(NWS.AU)$, the parent of MarketWatch publisher Dow Jones, share common ownership.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 06, 2025 09:02 ET (14:02 GMT)

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 09:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501232044","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501232044","pubTimestamp":1736172120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fubo shares are up more than 166% in premarket trades. 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Disney $(DIS)$ will become the majority owner of the resulting company, with 70% ownership. \n\n\n     As part of the deal, all litigation between Fubo and Disney has been settled. \n\n\n     Related: Fubo stock gains again after judge blocks Disney-Fox-WBD sports streaming bundle due to 'near-monopolistic' concerns \n\n\n     Fubo has been involved in legal action against Disney, Fox Corp. $(FOX)$, and Warner Bros Discovery $(WBD)$ over the Venu Sports streaming service. . Fubo had argued that the service from Disney, Fox and Warner Bros could reduce competition. \n\n\n     Disney shares are up 0.5% in premarket trades. \n\n\n     Fox Corp. and News Corp $(NWSA)$ $(NWS.AU)$, the parent of MarketWatch publisher Dow Jones, share common ownership. \n\n\n     -James Rogers \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2025 09:02 ET (14:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}