Brief: Fubo And Disney’s Hulu + Live TV Virtual MVPD Businesses To Combine

FuboTV

06/01/2025 13:52

Jan 6 (Reuters) - FuboTV Inc  FUBO.N :
    * FUBO AND DISNEY’S HULU + LIVE TV VIRTUAL MVPD BUSINESSES
TO
COMBINE
    * FUBOTV INC: ALL LITIGATION BETWEEN FUBO AND DISNEY HAS
BEEN
SETTLED
    * FUBOTV INC: DISNEY TO COMBINE ITS HULU + LIVE TV BUSINESS
WITH
FUBO AND BECOME MAJORITY OWNER OF RESULTING COMPANY
    * FUBOTV INC: COMBINED BUSINESS WILL OPERATE UNDER FUBO
PUBLICLY
TRADED COMPANY NAME
    * FUBOTV INC: FUBO TO CREATE A NEW SPORTS & BROADCASTING
SERVICE,
FEATURING DISNEY'S PREMIER SPORTS AND BROADCAST NETWORKS
    * FUBOTV INC: UNDER TERMS OF AGREEMENT, AT CLOSING, DISNEY
WILL
OWN 70% OF FUBO
    * FUBOTV INC: DISNEY, FOX AND WARNER BROS. DISCOVERY WILL
MAKE AN
AGGREGATE CASH PAYMENT TO FUBO OF $220 MILLION
    * FUBOTV INC: DISNEY HAS COMMITTED TO PROVIDE A $145 MILLION
TERM
LOAN TO FUBO IN 2026 AS PART OF TRANSACTION
    * FUBOTV: TERMINATION FEE OF $130 MILLION WILL BE PAYABLE TO
FUBO
UNDER CERTAIN CIRCUMSTANCES

Source text:  ID:nBw8yP7JCa 
Further company coverage:  DIS.N 

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