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Consumer Cyclicals
Small Cap
Market Cap £175.6m
Enterprise Value £199.0m
Revenue £42.5m
Position in Universe 4331st / 6853

BUZZ-FuboTV rises as Reddit favorite prices $350 mln convertible debt deal

Fri 29th January, 2021 1:02pm
** Shares of streaming platform fuboTV  FUBO.N  up ~5% at
$41.90 premarket after capital raise
    ** FUBO offers privately $350 mln 5-yr 3.25% convertible
senior notes*:nBw5nF4dxa
    ** Co plans to use net offering proceeds for general corp
purposes, including business development, sales and marketing
activities, capex, debt repayment and potential acquisitions
    ** FUBO's shares fell ~15% on Thurs, snapping a 5-day
winning streak, but have surged recently amid social
media-driven trading frenzy that has forced hedge funds to cover
short positions
    ** Reddit group Wall Street Bets had FUBO this week among
most discussed short-squeeze candidates*:nL4N2K23PL
    ** Shares of GameStop  GME.N , front and center amid the
frenzy, AMC Entertainment  AMC.N  and Blackberry  BB.N , and
shares of other Reddit favorites take off before the bell as
Robinhood and Interactive Brokers  IBKR.O  said they planned to
ease trading restrictions on Fri*:nL4N2K432U*:nL4N2K43X2
    ** FUBO shares are up 42% to start 2021, after more than
tripling last year

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
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