Fubo is expected to become immediately cash flow positive after its deal with Disney closes in 12 to 18 months; Fubo stock jumped 253.85% on Monday

Biztoc.com - January 6, 2025

Fubo is expected to become immediately cash flow positive after its deal with Disney closes in 12 to 18 months; Fubo stock jumped 253.85% on Monday

Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo…

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