(Updates)
** Shares of live TV streaming platform FuboTV reverse course, last up 6.9% at $5.70 premarket
** Walt Disney , Fox Corp and Warner Bros Discovery will abandon the proposed joint venture, Venu Sports, as antitrust concerns continue to loom
** FUBO shares were earlier down about 6% premarket after U.S. satellite TV provider DirecTV challenged a dismissal of FUBO's lawsuit against Venu Sports
** DirecTV said the settlement did not resolve antitrust issues around the sports streaming joint venture
** FUBO had sued the three media giants behind Venu in February, claiming the venture would reduce competition and increase prices for consumers
** FUBO shares had fallen ~60% in 2024
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; ))
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