Why fuboTV Stock Tripled Today

Category: Business

FuboTV's shares surged 239% after announcing a merger with Hulu + Live TV, where FuboTV will hold a 30% stake and Disney 70%. The deal includes a $220 million cash settlement and a $145 million loan from Disney, enhancing FuboTV's service by integrating Hulu programming. The merger aims to create a more competitive streaming service with 6.2 million subscribers and $6 billion in annual revenue, expected to be cash-flow positive upon inception.

Keywords: FuboTV, Hulu, merger

Source: Motley Fool

Update At: 1/7/2025

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