M&A: fuboTV Inc. /FL
Form Type: 425
Filing Date: 2025-01-06
Corporate Action: Merger
Type: New
Accession Number: 000149315225000392
Comments: On January 6, 2025, fuboTV Inc. and The Walt Disney Company announced their entry into a Business Combination Agreement involving Fubo, Disney, and Hulu. This agreement will involve a series of transactions as part of the combination. Concurrently, a settlement was reached regarding an ongoing litigation involving FuboTV and several defendants, including Disney and Hulu, which addresses claims related to bundling of television channels and other contractual disputes. Under the settlement, the involved parties agreed to mutual releases and the dismissal of the claims with prejudice.
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Additional details:
Title Of Each Class: Common Stock, par value $0.0001 per share
Trading Symbol: FUBO
Name Of Each Exchange: New York Stock Exchange
Webcast Time: 2025-01-06T09:00:00Z
Settlement Parties: FuboTV Inc., FuboTV Media Inc., Disney, Hulu, ESPN, Fox Corporation, Warner Bros. Discovery, Inc.
Litigation Case: FuboTV Inc. v. The Walt Disney Co., No. 24-cv-1363-MMG (S.D.N.Y. 2024)
Event Url: https://ir.fubo.tv
Form Type: 8-K
Filing Date: 2025-01-06
Corporate Action: Merger
Type: New
Accession Number: 000149315225000390
Comments: On January 6, 2025, fuboTV Inc. announced its entry into a Business Combination Agreement (BCA) with The Walt Disney Company and Hulu, LLC. A joint press release disclosed the transaction details, including a webcast to discuss transactions related to this agreement and litigation settlements. Concurrently with the BCA, fuboTV and various defendants reached a settlement concerning multiple claims. The settlement includes resolutions of claims regarding bundling of television channels and most-favored nations clauses, with mutual releases provided in connection with the agreement. The company's guidance for the fourth quarter and full year ended December 31, 2024 was also reaffirmed during this announcement.
Document Link: View Document
Additional details:
Item 2 02: Business Combination Agreement (BCA) with Disney and Hulu
Item 8 01: Settlement of claims in FuboTV Inc. v. The Walt Disney Co.
Item 9 01 Exhibit 99 1: Joint Press Release regarding the BCA