Fubo shares dip on reported DOJ probe into Disney deal

April 23, 2025 10:21 PM IST | By Investing
 Fubo shares dip on reported DOJ probe into Disney deal
Fubo shares dip on reported DOJ probe into Disney deal

Investing.com -- Shares of Fubotv Inc (NYSE:FUBO) fell 3.8% after Bloomberg reported that the U.S. Department of Justice (DOJ) is investigating Walt Disney Company's (NYSE:DIS) acquisition of a controlling stake in the streaming company. The probe is centered on concerns that the deal could lead to undue market concentration in the sports streaming sector.

The inquiry into the transaction, reported by Bloomberg News, citing sources familiar with the matter, comes after Disney announced in January its plans to merge its Hulu + Live TV service with FuboTV. This merger is set to form the second-largest online pay-TV provider in North America, trailing only behind YouTube TV.

As part of the agreement, Disney will secure a 70% majority stake in the joint Fubo and Hulu + Live venture. FuboTV's CEO and co-founder David Gandler is expected to lead the new entity. Notably, the deal does not include Hulu's primary video-streaming service.

The DOJ's scrutiny adds a layer of uncertainty to the merger, which had been viewed as a strategic move by Disney to bolster its streaming offerings amid intense competition in the industry. The potential for regulatory challenges could impact investor sentiment as the market assesses the likelihood of the deal's completion under the proposed terms.

The decline in FuboTV's stock price reflects immediate investor reaction to the news of the DOJ's investigation. The full implications of the probe for the merger and for FuboTV's future operations remain to be seen as the situation develops.

Fubo declined to comment on the matter, while Disney did not immediately respond to Investing.com's request for comment.

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalized advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Sponsored Articles


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.