Disney and Fubo have finalized their merger deal combining Hulu + Live TV with Fubo operations. Disney holds a 70% stake in the new company while existing Fubo shareholders retain 30%. The combined entity becomes America's second-largest virtual pay-TV provider with nearly 6 million North American subscribers, trailing only YouTube TV's estimated 10 million subscribers. Both services will remain separate offerings for consumers. The Justice Department's Antitrust Division cleared the transaction. As part of the agreement, Fubo dropped its antitrust lawsuit against Venu Sports, the streaming venture from Disney, Fox Corp. and Warner Bros. Discovery that later dissolved. (Story URL)
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