FuboTV falls after DirecTV raises concerns on Venu Sports settlement

FuboTV

10/01/2025 10:07

** Shares of live TV streaming platform FuboTV  FUBO.N  fall
6.5% to $5.00 premarket
    ** U.S. satellite TV provider DirecTV challenged a dismissal
of FUBO's lawsuit against Venu Sports, a sports streaming
venture planned by Walt Disney  DIS.N , Fox Corp  FOXA.O  and
Warner Bros Discovery  WBD.O 
    ** DirecTV says the settlement does 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
    ** Earlier this week, FuboTV asked the U.S. District Court
in Manhattan to dismiss its lawsuit against Venu after DIS said
it would merge its Hulu + Live TV business with the smaller
rival
    ** FUBO shares had fallen ~60% in 2024

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))