FuboTV shares reverse course premarket after Venu Sports to be discontinued

FuboTV

10/01/2025 14:17

(Updates)
    ** Shares of live TV streaming platform FuboTV  FUBO.N 
reverse course, last up 6.9% at $5.70 premarket
        ** Walt Disney  DIS.N , Fox Corp  FOXA.O  and Warner
Bros Discovery  WBD.O  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 ; https://twitter.com/i_jass))