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Fubo shareholders approve Hulu Live TV deal
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TechCrunch
Fubo, the popular live sports TV streaming service, announced on Tuesday that its shareholders have approved its transaction with Disney, combining Fubo with Hulu Live TV.
YouTube TV reportedly now has around 10 million subscribers, in large part due to is live sports-related content.
Hulu Live TV and Fubo together have about 6 million subscribers, so this merger is a step towards closing that competitive gap.
However, possibly with those regulatory approvals in mind, Fubo promises it will continue to be available to viewers as an independent offering.
That said, Disney is consolidating this unit under a single leader: David Gandler, co-founder and CEO of Fubo, who will oversee the newly merged Fubo and Hulu Live TV operations.