Sat Nov 01 13:20:00 UTC 2025: Here’s a summarized version of the text and a rewritten news article:

Summary:

Disney has finalized its acquisition of a majority stake in Fubo, creating the sixth-largest pay-TV operator in the US by combining Fubo and Hulu + Live TV. The deal, stemming from a settlement of Fubo’s antitrust lawsuit over the Venu Sports joint venture, gives Disney 70% control. The combined entity aims to achieve savings through flexible programming and optimized advertising. While the services will remain separate, the deal makes Disney a stronger competitor to YouTube TV. The announcement comes as Disney and YouTube TV are in a carriage dispute, threatening a blackout of Disney channels. Fubo’s stock price has surged following the acquisition news.

News Article:

Disney Completes Fubo Acquisition, Creating Streaming Powerhouse

Los Angeles, CA – Disney has officially closed its acquisition of a majority stake in Fubo, a move that will reshape the competitive landscape of the U.S. pay-TV market. The combined entity, including Hulu + Live TV, will boast nearly 6 million subscribers, positioning it as the sixth-largest player in the industry and a significant challenger to market leader YouTube TV.

The deal stems from a settlement of Fubo’s 2024 antitrust lawsuit against Disney, Fox Corp., and Warner Bros. Discovery over the failed Venu Sports joint venture. Disney now controls 70% of the merged streaming operation, with Fubo shareholders retaining the remaining stake. Fubo’s current management team, led by CEO David Gandler, will continue to run the combined business.

“Together with Disney, we’re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth,” Gandler said in a statement.

While Fubo and Hulu + Live TV will continue to operate as separate, branded services, the merger is expected to generate substantial cost savings through more flexible programming packages and optimized advertising. Disney has committed a $145 million term loan to Fubo to support these initiatives.

The news comes as Disney faces a looming carriage dispute with YouTube TV, threatening a blackout of channels like ABC and ESPN.

Fubo shares have experienced a significant surge, tripling in value this year and jumping another 20% in pre-market trading upon the deal’s closure.

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