fuboTV Accelerates International Expansion With Acquisition
fuboTV (NYSE: FUBO) sells a bundled channel subscription similar to what you can get through traditional cable TV, but with an emphasis on sports-related channels. What makes it even more unique is that it offers its various products through an internet-based streaming service. The company is making steady progress with the help of that advantage, and it now has more than 1 million paying subscribers, mainly in the U.S.
Plenty has been written about fuboTV's efforts to grow in the U.S. What is less known about the entertainment provider is that it is also working hard to expand internationally. Last month, fuboTV took its latest (and biggest) step in that direction when it announced it was acquiring France's top-tier live-TV streaming company, Molotov SAS, for $190 million.
Let's take a closer look at how Molotov SAS works and how it works into fuboTV's long-term plans.
Source Fool.com
