Fubo & Hulu + Live TV to Remain Separate Post-Merger, Expanding Packages
Fubo and Hulu + Live TV will continue as separate services post-merger, with expanded programming packages at varying prices. Upon completion, Fubo's common app will convert to Class A Common Stock, trading under FUBO. The merger, approved by shareholders, is expected to finalize in the first half of 2024.
The combined entity will be led by Fubo's current management team, headed by co-founder and CEO David Gandler. Disney will hold a 70% stake in the new company upon completion of the transaction. The merger, approved by Fubo shareholders, is subject to regulatory approval and is expected to close in the first half of 2024.
Post-merger, Fubo and Hulu + Live TV will operate independently, offering expanded programming packages at different price points. The combined entity will be led by Fubo's existing management team, with Disney taking a majority stake.
