Disney plans merger of Hulu + Live TV with FuboTV
news.yahoo.com — January 6, 2025, 01:01 PM UTC
Walt Disney Co is close to merging its Hulu + Live TV business with FuboTV, according to Bloomberg News. The new venture will be 70% owned by Disney and 30% by FuboTV. FuboTV plans to drop its legal claims against Disney and other media companies regarding Venu Sports. This move could help clear the way for a new sports streaming platform. Following the news, FuboTV's shares rose nearly 32% in premarket trading. Disney's stock saw a slight increase as well.