M&A: Walt Disney Co

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000095015725000034

Comments: On January 6, 2025, The Walt Disney Company announced a definitive agreement to combine its Hulu + Live TV business with FuboTV Inc. This agreement is significant as it marks a merger of services that may enhance Disney's streaming offerings. Additionally, FuboTV has resolved all ongoing litigation with Disney and ESPN related to the planned sports streaming platform, Venu Sports. As part of this agreement, Disney, alongside Warner Bros. Discovery and FOX, will make a $220 million aggregate cash settlement to Fubo at the signing of the transaction. However, there are potential risks including possible legal actions from regulators or third parties that could delay or prevent the merger from closing. Furthermore, despite the resolution of litigation, the launch of Venu Sports might still face delays or challenges.

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