Fubo and Disney announce Hulu + Live TV business combination

Fubo and Disney announced a combination of Fubo with Disney’s Hulu + Live TV business. Disney was to hold approximately 70% and existing Fubo holders approximately 30% of the combined company. Wells Fargo was lead financial adviser to Fubo. The announcement did not disclose an overall transaction value; separate loan commitments and litigation settlements are not substituted for that value.