US EditionFubo Shareholders Approve Hulu with Live TV Merger
The merger will create a combined streaming service with Disney owning 70%, aiming to compete with YouTube TV’s 10 million subscribers, pending regulatory approval.
- On September 30, Fubo shareholders approved a merger combining Fubo with Hulu + Live TV at a special meeting.
- The deal seeks scale to challenge rivals, as Hulu + Live TV and Fubo together have about 6 million subscribers, narrowing a gap with YouTube TV's around 10 million.
- Fubo co-founder and CEO David Gandler will lead operations, The Walt Disney Company will own approximately 70% and all Fubo shares will convert to Class A common stock trading on the New York Stock Exchange under ticker FUBO.
- Regulatory approvals remain required as the transaction is subject to federal review, and Fubo shares fell 4% during Tuesday's trading session.
- Looking ahead, the combined company could reach $8.24 billion in revenue and $540 million profit by 2029, with Fubo projecting $2.43 billion and $101 million in 2029.
15 Articles
15 Articles
Fubo shareholders give nod for combination with Disney's Hulu amid ongoing DoJ review (FUBO:NYSE)
Sports-focused live TV streaming service Fubo (FUBO) has received approval from its shareholders at a special meeting for the company to combine with Disney's Hulu (DIS), according to a public statement.
Fubo Shareholders Approve Merger With Hulu + Live TV
Stockholders of FuboTV approved a planned merger of the company with Hulu + Live TV to form a larger company that will be controlled by Disney. The sports-centric live TV streaming platform said its deal remains subject to a green light by government regulators. The pending transaction was announced in January. It requires regulatory approval, […]
Fubo shareholders approve Hulu with Live TV merger
The logo of sports-centric streaming service Fubo. (Courtesy logo, Graphic designed by The Desk) Fubo’s shareholders have signed off on the company’s proposed transaction with the Walt Disney Company to combine its virtual pay television business with Hulu with Live TV, the companies confirmed Monday. The deal, first announced in January, was approved during a special meeting of Fubo shareholders on September 30. The company said it will report …
Fubo Shareholders Approve Hulu + Live TV Merger
Fubo shareholders have approved the company’s pending merger with Disney’s Hulu + Live TV business during a special meeting held on Tuesday. The results of the vote will be published in an 8-K that will be filed with the Securities and Exchange Commission. The deal, which is expected to close in fourth quarter of 2025 or first quarter of 2026, remains subject to regulatory approvals and the satisfaction of other customary closing conditions. The…
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