FuboTV Shareholders Approve Merger with Disney's Hulu Live TV
Shareholders of FuboTV have given the green light to a major deal. They've approved a transaction with The Walt Disney Company that will combine Fubo's business with Hulu's Live TV operations. The merger, first announced in January 2025, is set to create a significant player in the live TV streaming market.
Upon completion, Disney will hold a majority stake of around 70% in the merged entity. However, Fubo's current management team, led by CEO David Gandler, will continue to steer the ship. The combined company will operate under the leadership of Fubo's executive team, ensuring a degree of continuity.
Despite the merger, consumers can expect both Fubo and Hulu + Live TV to remain distinct offerings. This means subscribers will continue to enjoy their preferred services as they do today.
The transaction, subject to regulatory approvals and other customary closing conditions, marks a significant step in the evolving landscape of live TV streaming. By combining Fubo's and Hulu's Live TV businesses, the new entity aims to provide robust competition in the market.
