FuboTV falls after report on DOJ probe over Disney deal
ReutersApr 23, 2025 3:48 PM
Streaming company FuboTV's FUBO.N shares fall 3% to $2.90
U.S. Department of Justice is probing Disney's DIS.N deal to take controlling stake in FuboTV, Bloomberg News reports
DOJ looking into whether the deal would unduly concentrate the market for sports streaming, report says
In January, Disney agreed to merge its Hulu + Live TV business with FuboTV, removing a significant hurdle to the launch of its sports streaming venture with Fox Corp FOXA.O and Warner Bros Discovery WBD.O
As of last close, FuboTV's shares have more than doubled YTD
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