FuboTV and Hulu + Live TV Merger Completion
The combination of FuboTV with Disney's Hulu + Live TV business has been completed, creating a new streaming pay-TV player with nearly 6 million subscribers across North America.
- The merged operation is now the sixth largest pay-TV company in the United States.
- It is one of the biggest virtual MVPDs in the market.
Under the terms of the transaction, Disney will hold around 70% of the enlarged company, while existing Fubo shareholders will retain roughly 30%.
David Gandler, Fubo co-founder and chief executive, will lead the new entity, which will remain publicly listed.
Both the Fubo and Hulu + Live TV services will continue to be marketed separately for now.
Disney has agreed to provide a $145 million term loan to the combined business in 2026, with a $130 million break fee built into the structure.
Author's summary: FuboTV and Hulu + Live TV merge to create a new streaming pay-TV player.