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FuboTV Co. and Walt Disney Company in Merger Talks: What You Need to Know
FuboTV Co. (FUBO), a provider of live streaming sports, news, entertainment, and other content, has recently announced a merger agreement with Walt Disney Company (DIS), a leading cable and media conglomerate. The deal is expected to close within 12 to 18 months and will see Disney own 70% of the combined FuboTV and Hulu+LiveTV entity.
Under the agreement, the combined company will have a significant user base of 6.2 million and revenue of $6.5-7 billion by 2026. The merger is expected to generate additional cost savings, reduce litigation risk, and expand Fubo’s content offerings, including access to content from Disney and Fox outside of the Hulu+LiveTV bundle.
The deal was welcomed by analysts, who believe that it will improve economies of scale, reduce litigation risk, and provide additional resources to drive growth. Ross MKM analyst Darren Aftahi raised Fubo’s price target from $2 to $4.75, maintaining a neutral rating, citing the uncertainty of organic user growth.
So, how can you buy FUBO stock?
You can buy FUBO shares or fractions of shares through a brokerage platform. Alternatively, you can invest in exchange-traded funds (ETFs) that hold the stocks or allocate themselves to your strategy. ETFs are a convenient way to track the performance of a particular industry, such as the communications services sector, which FuboTV is a part of.
For example, FuboTV is in the communications services industry, and ETFs may hold shares of many liquid companies, helping you understand trends in the industry.
FUBO has a 52-week high of $6.45 and a 52-week low of $1.10, according to Benzinga Pro.
FAQs:
Q: What is the expected closing date of the merger?
A: The merger is expected to close within 12 to 18 months.
Q: What is the ownership structure of the combined company?
A: Disney will own 70% of the combined FuboTV and Hulu+LiveTV entity.
Q: What are the expected benefits of the merger?
A: The merger is expected to generate cost savings, reduce litigation risk, and expand Fubo’s content offerings.
Q: How can I buy FUBO stock?
A: You can buy FUBO shares or fractions of shares through a brokerage platform or invest in ETFs that hold the stocks or allocate themselves to your strategy.
Conclusion:
The merger between FuboTV Co. and Walt Disney Company is a significant event in the media and entertainment industry. The deal is expected to generate additional cost savings, reduce litigation risk, and expand Fubo’s content offerings. As investors, it is essential to stay informed about the deal and its potential implications for the market.
