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NEW YORK - FuboTV Inc. (NYSE:FUBO) shareholders have approved the company’s previously announced transaction with The Walt Disney Company to combine Fubo’s operations with the Hulu + Live TV business, the sports-first live TV streaming platform announced Tuesday. The company, currently valued at $1.43 billion, has demonstrated strong momentum with revenue reaching $1.63 billion in the last twelve months.
The deal, which remains subject to regulatory approvals and other customary closing conditions, would give Disney approximately 70% ownership of Fubo upon completion. Fubo’s existing management team, led by Co-founder and CEO David Gandler, will operate the newly combined businesses.
According to the terms of the agreement announced in January 2025, Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings after closing, providing viewers with enhanced programming options.
"We would like to thank Fubo shareholders for voting to approve our business combination with Disney’s Hulu + Live TV business," said Gandler. "Today we are one step closer to fulfilling our vision of a streaming marketplace that provides consumers with greater choice and flexibility."
Following the transaction’s completion, all of Fubo’s issued and outstanding shares of common stock will automatically convert into shares of Class A Common Stock, which will continue trading on the New York Stock Exchange under the ticker symbol "FUBO."
Fubo currently operates in the U.S., Canada, and Spain, offering more than 400 live sports, news, and entertainment networks in its U.S. service. The company was recently ranked among "The Americas’ Fastest-Growing Companies 2025" by the Financial Times.
The announcement was made in a press release statement from the company following a special meeting of shareholders held Tuesday.
In other recent news, FuboTV reported its second-quarter earnings for 2025, revealing an unexpected earnings per share (EPS) of $0.05, surpassing the forecasted -$0.05. The company also reported revenue of $371.3 million for the quarter, exceeding expectations of $353.72 million. Despite these positive financial results, FuboTV experienced a decline in North American subscribers, with the total reaching 1.356 million, though this was above BTIG’s estimate of 1.250 million. Needham maintained its Buy rating on FuboTV, citing potential upside from a Disney deal, and set a price target of $4.25. In contrast, BTIG reiterated a Neutral rating on the stock after the strong Q2 results.
Additionally, FuboTV has entered a multi-year partnership with DAZN in Canada, allowing both companies to carry each other’s sports content and offer bundled subscriptions. This expansion builds on their existing U.S. distribution agreement. Furthermore, Molotov, a FuboTV subsidiary, secured a non-exclusive carriage agreement with Ligue 1 for the 2025/2026 season, enabling subscribers in France to access most live matches from Ligue 1 McDonald’s. These recent developments highlight FuboTV’s strategic efforts to expand its market presence and enhance its content offerings.
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