Disney and FuboTV Announce Merger

In a groundbreaking move, The Walt Disney Company and FuboTV Inc. have announced a definitive agreement to merge Hulu + Live TV with Fubo. This merger aims to create a combined virtual MVPD company, marking a significant shift in the live streaming landscape.

Disney to Become Majority Owner

As part of the agreement, Disney will acquire a 70% majority stake in Fubo. The current management team at Fubo, led by CEO David Gandler, will continue to operate the newly formed entity. The deal includes a $220 million cash payment from Disney, FOX, and Warner Bros. Discovery to Fubo, along with a $145 million term loan from Disney in 2026. A $130 million termination fee is also part of the agreement, should the deal fall through.

CEO David Gandler's Vision

"This merger is a strategic move that allows us to scale effectively, strengthens Fubo’s balance sheet, and positions us for positive cash flow. It’s a win for consumers, our shareholders, and the entire streaming industry," stated Gandler, highlighting the benefits of the merger.