Fubo and Hulu + Live TV Merger Expected to be Completed by Year End

Fubo is making moves! The live TV streaming service is getting closer to sealing the deal on its merger with Hulu + Live TV, which is owned by Disney. The expected closing date has been moved up to the end of this year.

In a letter filed with the SEC on Monday, Fubo asked shareholders to approve several proposals related to the Business Combination Agreement it signed with Disney and Hulu back in January. This merger was the result of a settlement of litigation between Fubo and major players like The Walt Disney Company, ESPN, FOX, and Warner Bros. Discovery. Fubo wanted to stop the launch of a new sports streaming service that these companies were working on together.

Once the deal goes through, Disney will become the majority owner of Fubo, holding about 70% of the combined company. But don’t worry, Fubo will keep its name, stay publicly listed on the New York Stock Exchange, and keep its current management team, led by co-founder and CEO David Gandler.

Even after the merger, Fubo and Hulu + Live TV will continue to operate as separate services with their own apps. And here’s some exciting news – Fubo will also have the opportunity to launch a new sports service featuring popular Disney networks like ABC, ESPN, ESPN2, and more.

This is big news for Fubo and streaming entertainment fans alike. Stay tuned for updates as the merger progresses!