((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
January 7 – **Shares of streaming platform FuboTV FUBO.N rise 11.5% to $5.64 pre-market
** FUBO added more than $1.20 billion to its market value on Monday, after Walt Disney DIS.N agreed to merge its Hulu + Live TV streaming service with the smaller of its rivals
**The deal will create the second-largest digital pay TV provider in North America, behind YouTube TV GOOGL.O, with approximately $6 billion in revenue and 6.2 million subscribers
** The deal also removes a major obstacle to the launch of Venu Sports, a sports streaming company formed by DIS, Fox Corp FOXA.O and Warner Bros Discovery WBD.O .
** “This combination with Fubo doesn’t move the needle much, but strategically we think it’s a good move to help further consolidate the distribution business” – Macquarie
**JPMorgan views the transaction favorably as it resolves Fubo’s looming balance sheet issues, gives the company more scale, and provides an opportunity to consolidate into a thinner sports category
** Average rating of 8 analysts covering FUBO stock is “hold”, median PT is $2.80 – data compiled by LSEG
**FUBO shares down 60% in 2024
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