FuboTV jumps on report nearing deal with Disney to merge online live TV businesses

FuboTV

06/01/2025 12:46

** Shares of FuboTV  FUBO.N  jump 31.9% to $1.90 premarket
    ** Walt Disney  DIS.N  and the sports streaming provider are
nearing a deal to combine their online live TV businesses,
Bloomberg News reports, citing people familiar with the matter
    ** DIS shares up 0.3% at $111.50 premarket
    ** Disney will fold its Hulu + Live TV business into Fubo,
creating a new venture as part of the deal - report
    ** New venture will be 70% owned by Disney and rest by Fubo 
  
    ** Deal will not include Hulu's subscription video business
- report
    ** Fubo plans to drop its legal claims against Disney, Fox
Corp  FOXA.O  and Warner Bros. Discovery  WBD.O  over Venu
Sports as part of the deal 
    ** FUBO slumped ~60% in 2024

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