Where Will Fubo Stock Be in 3 Years?
There are only eight stocks with market caps north of $1 billion that have more than doubled this year. FuboTV (NYSE: FUBO) happens to be one of them. The provider of the namesake live TV service with enhanced coverage of sporting events shot higher in the first trading week of the year after striking a deal with Disney (NYSE: DIS). The family entertainment giant would contribute its larger Hulu + Live TV platform to the company in exchange for a 70% stake.
Fubo would also receive a $220 million cash settlement from Venu Sports, an ambitious partnership between ESPN parent Disney and two other media behemoths, to create a $43-a-month sports-centric streaming service. Fubo had secured a legal injunction blocking the launch of Venu on anticompetitive grounds, agreeing to pull its objection in exchange for the settlement.
A funny thing happened after that: Within days, Venu Sports came undone on its own. The three media mavens went their separate ways.
Source Fool.com
