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Investing.com -- fuboTV Inc. (NYSE:FUBO) stock surged 29% Wednesday after the company announced it has completed its previously disclosed merger with Disney’s (NYSE:DIS) Hulu + Live TV business.
The transaction creates the sixth largest pay TV company in the U.S. with nearly 6 million subscribers across North America. Under the terms of the deal, Disney now holds approximately 70% interest in the combined entity, while existing Fubo shareholders retain about 30%.
The newly formed company will continue to offer both Fubo and Hulu + Live TV as separate services to consumers, each with multiple plan options. The combined business expects to achieve cost savings through more flexible programming packaging, advertising optimization, and sales and marketing opportunities.
Fubo’s existing management team, led by co-founder and CEO David Gandler, will operate the newly combined business. A new board of directors has been established with Andy Bird serving as Chairman to guide the company’s strategic direction.
"Together with Disney, we’re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth," said Gandler in the announcement.
As part of the transaction, Fubo’s advertising sales group will transition to Disney’s advertising sales organization. The combined company will also have access to a $145 million term loan that Disney has committed to provide in 2026.
The merged entity offers consumers a broad set of sports content, including more than 55,000 live sporting events, alongside entertainment-focused programming from both platforms. Hulu + Live TV will continue to be streamed in the Hulu app and offered as part of an entertainment bundle with Disney+ and ESPN Unlimited.
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