Stockholders of FuboTV approved a planned merger of the company with Hulu + Live TV to form a larger company that will be controlled by Disney.
The sports-centric live TV streaming platform said its deal remains subject to a green light by government regulators. The pending transaction was announced in January. It requires regulatory approval, a fact that was noted recently amid national furor after Disney pulled Jimmy Kimmel Live! from ABC. Comments the host made after the murder of right wing activist and influencer Charlie Kirk angered MAGA supporters and saw the nation’s largest station group, Nexstar – which has its own mega merger up for review at the FCC – preempt the late night staple.
Another station group, Sinclar, did the same. Disney ultimately returned Kimmel to air last Tuesday and both station groups have since reinstated the show as well.
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The Fubo deal calls for Fubo to merge with Hulu + Live TV, a sister platform to the Hulu streaming app, with Disney owning approximately 70% of the newly expanded entity.
Fubo’s existing management team, led by co-founder and CEO David Gandler will run the new Fubo.
Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings post-close.
All of Fubo’s outstanding shares of common stock will be automatically converted into shares of the new Fubo, which will continue to trade on the New York Stock Exchange under the ticker symbol FUBO.
“We would like to thank Fubo shareholders for voting to approve our business combination,” said Gandler. “Today we are one step closer to fulfilling our vision of a streaming marketplace that provides consumers with greater choice and flexibility.”
Fubo has said it expects the deal to close in the fourth quarter of this year or the first quarter of 2026.