Disney stock gains after agreement to merge Hulu with Fubo
Disney (DIS) stock added 1.3% early on Monday after the media giant announced a deal to merge its Hulu + Live TV business with Fubo’s (FUBO) sports streaming service. Disney will own a 70% controlling share of the combination, which will remain under the Fubo brand and stock.
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fuboTV Stock On Track To Record Follow-on Gains After Disney Deal: Retail Goes Gaga Over ‘Game-changing’ TransactionTV, Inc. ($FUBO) shares could extend their gains as they rose in Tuesday’s premarket trading following Monday’s 251.39% jump.
Walt Disney Co. closed $12.69 below its 52-week high ($123.74), which the company reached on March 28th.
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