US sports streamer Fubo’s merger with Hulu + Live TV moves step closer

Shareholders at New York-based sports streaming service Fubo have approved a deal with Disney to combine Fubu’s business with the Hulu + Live TV company.

David Gandler

The transaction was agreed at a special meeting of Fubo shareholders, although it remains subject to regulatory approvals and other closing conditions.

Under the agreement, Disney will own around 70% of Fubo. The newly merged entity will be managed by Fubo co-founder and CEO David Gandler.

Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings.

Industry insiders believe the aim of the deal is to create a super-sized multichannel combined service capable of challenging market leader YouTube.

Gandler said: “Today we are one step closer to fulfilling our vision of a streaming marketplace that provides consumers with greater choice and flexibility.”