BUZZ-FuboTV falls after DirecTV raises concerns on Venu Sports settlement
** Shares of live TV streaming platform FuboTV FUBO.N fall 6.5% to $5.00 premarket
** U.S. satellite TV provider DirecTV challenged a dismissal of FUBO's lawsuit against Venu Sports, a sports streaming venture planned by Walt Disney DIS.N, Fox Corp FOXA.O and Warner Bros Discovery WBD.O
** DirecTV says the settlement does not resolve antitrust issues around the sports streaming joint venture
** FUBO had sued the three media giants behind Venu in February, claiming the venture would reduce competition and increase prices for consumers
** Earlier this week, FuboTV asked the U.S. District Court in Manhattan to dismiss its lawsuit against Venu after DIS said it would merge its Hulu + Live TV business with the smaller rival
** FUBO shares had fallen ~60% in 2024
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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