Fubo sees Disney, Hulu + Live TV Deal Closing earlier than expected

Fubo accelerated the expected calendar of the closure of its sale in Disney, now providing that the transaction will end in the fourth quarter of this year or the first three months of 2026.

Regulatory approval is needed with an ongoing examination at the Ministry of Justice. FUBO shareholders must also approve the agreement during an assembly of shareholders, the date to come, said the company in a preliminary indicator filed with the SEC today.

Previously, the fence was expected in the first half of 2026.

In January, Disney agreed to combine its Hulu + Live TV with FUBO and to become the majority owner of the combined company. The agreement was concluded in the midst of a legal battle which saw Fubo challenge a co -entreprise of sports streaming offered called the Venu between Disney, Fox and Warner Bros. Discovery as anti -competitive. The partners delayed the launch of the Venu under a preliminary injunction and finally abandoned it and settled with FUBO after a judge rejected his request for the rejection of the case.

Disney and Fubo simultaneously announced their own agreement to create an enlarged MVPD player with 6.2 million subscribers.

FUBO and HULU + LIVE TV will continue to be available for consumers as a separate offer after closing. Hulu + Live TV, will continue to be broadcast in the Hulu application and will be offered as part of the bundle with Hulu, Disney + and ESPN +. Fubo will continue to operate in the Fubo application.

The agreement gives FUBO the right to launch a new sports and distribution service featuring the sports and distributed networks of Disney, in particular ABC and ESPN as well as ESPN + if the agreement ends or not.

The new Fubo will continue to be managed by the current management led by CEO David Gandler. A board of directors has not yet been announced. Fubo will continue to negotiate on the New York Stock Exchange with the same stock market symbol, Fubo.

Disney will hold 70% of the company. The media have an operational control of Hulu but acquired full ownership in June when it finished acquiring the minority participation of Comcast.

Today’s deposit also included finance carried out and pro formally for the March 2025 quarter – which means that the figures calculated as if Fubo and Hulu + Live TV were already a company.

He declared a total turnover of $ 1.56 billion ($ 1.12 billion Hulu + TV live, $ 416 million FUBO), operating expenses of $ 1.64 billion and an operating loss of $ 85 million.

Net income of $ 134.8 million in Po Forma showed a loss of $ 41 million in Hulu + Live TV and a profit of $ 188.5 million in Fubo, inflated by a gain of $ 220 million which was part of the regulations with Disney, WBD and Fox.