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Started By
Message
Disney acquiring 70% stake in FUBO
Posted on 1/6/25 at 7:52 am
Posted on 1/6/25 at 7:52 am
LINK
quote:
FuboTV Inc. (NYSE: FUBO) and The Walt Disney Company (NYSE: DIS) today announced that they have entered into a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo (the “Transaction”), forming a combined virtual MVPD company. The Transaction will enhance consumer choice by making available a broad set of programming offerings, and is subject to regulatory approvals, Fubo shareholder approval, and the satisfaction of other customary closing conditions.
Under the terms of the definitive agreement, at closing, Disney will own 70% of Fubo. Fubo’s existing management team, led by Fubo Co-founder and CEO David Gandler, will operate the newly combined Fubo and Hulu + Live TV businesses.
5
Posted on 1/6/25 at 7:55 am to RidiculousHype
Feels like a monopoly would be surprised if this is approved
Posted on 1/6/25 at 7:57 am to RidiculousHype
This is interesting because Fubo and Hulu Live are direct competitors. Doesn't make sense.
Posted on 1/6/25 at 7:59 am to notsince98
quote:
addition, Disney has committed to provide a $145 million term loan to Fubo in 2026 as part of the Transaction.
Additionally, a termination fee of $130 million will be payable to Fubo under certain circumstances, including if the Transaction fails to close due to the failure to obtain requisite regulatory approvals on the terms and conditions set forth in the definitive agreement.
Fubo getting a life line for them to drop the lawsuit and make it look like a merger
Posted on 1/6/25 at 8:12 am to UltimaParadox
Stock is up from $1.40 to almost $5 this morning pre market
Posted on 1/6/25 at 8:22 am to bulldog95
Are we buying the FUBO?
Posted on 1/6/25 at 9:58 am to StonewallJack
I did I’m up 164% but I got in during pre market before news hit
Posted on 1/6/25 at 10:00 am to bulldog95
I like this as a product
No merger will not be approved after 1/20
Thats whey they announce now
No merger will not be approved after 1/20
Thats whey they announce now
Posted on 1/6/25 at 10:35 am to bulldog95
I bought some below 4.
I didn't get the premarket memo
I didn't get the premarket memo
Posted on 1/6/25 at 10:51 am to RidiculousHype
quote:
The Transaction will enhance consumer choice
Posted on 1/6/25 at 11:19 am to StonewallJack
Dang. Up 234% today. Wish I bought earlier today
Posted on 1/6/25 at 11:35 am to bulldog95
quote:
I did I’m up 164% but I got in during pre market before news hit
What does this mean? You bought before the news?
Posted on 1/6/25 at 11:45 am to CatsGoneWild
quote:
Dang. Up 234% today. Wish I bought earlier today
I would be exiting pretty quickly. I dont see how this is not tied up in legal battles for a while
Posted on 1/6/25 at 11:48 am to RidiculousHype
It's really wild how much money you can make if you are involved in these types of things.
A cousin of someone who wrote up the legal paperwork could have turned 100k into a few million with some options.
Happens all the time.
A cousin of someone who wrote up the legal paperwork could have turned 100k into a few million with some options.
Happens all the time.
Posted on 1/6/25 at 12:40 pm to UltimaParadox
quote:
Fubo getting a life line for them to drop the lawsuit and make it look like a merger
But it reads like both Fubo and Hulu Live will continue to exist.
Posted on 1/6/25 at 12:43 pm to notsince98
quote:
But it reads like both Fubo and Hulu Live will continue to exist.
Even if they say that now, which they are not really.. It's only a matter of time before fubo itself is killed.. They aren't going to run redundant competing businesses.
Fubo was the lone reason that the streaming sports package couldn't roll out
Posted on 1/6/25 at 1:23 pm to UltimaParadox
quote:
Fubo was the lone reason that the streaming sports package couldn't roll out
They were the first to file suit but I thought others had joined in the lawsuit, too.
Posted on 1/6/25 at 2:19 pm to bulldog95
I didn’t know you were woke baw
Posted on 1/6/25 at 4:05 pm to RidiculousHype
5.83 now
Wish I bought a bunch earlier.
Wish I bought a bunch earlier.
Posted on 1/7/25 at 9:06 am to UltimaParadox
This is nothing more than a nuisance payoff. FUBOs whole argument (rightfully) is the linear channels first squeezed them with carriage fees and then the VENU sports part resulted in a death blow.
Now the VENU partnership agrees to just buy a business with less than 2 million remaining subscribers to make the lawsuit go away. Even PARA is happy because they will be able to cash out their stake.
Now the VENU partnership agrees to just buy a business with less than 2 million remaining subscribers to make the lawsuit go away. Even PARA is happy because they will be able to cash out their stake.
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