FuboTV and Disney Announce Groundbreaking Merger

In an unprecedented move, FuboTV Inc. saw its shares surge an astonishing 245% during Monday's trading session. This dramatic increase came on the heels of an announcement from The Walt Disney Company, revealing plans to merge its Hulu+ Live TV service with FuboTV.

Disney has outlined the formation of a new, combined virtual MVPD company post-merger. The leadership of this new entity will be spearheaded by FuboTV's current CEO, David Gandler, ensuring a seamless transition and continued innovation in the streaming space.

At 12:33 pm ET, FuboTV's shares were trading at $4.9700 each, marking a significant milestone in the company's history and signaling a bright future ahead for the newly merged entity.