FuboTV Stock Is Soaring Yet Again -- Here's Why
Sports-focused streaming company FuboTV (NYSE: FUBO) is one of the top-performing stocks in the market on Tuesday. As of 11 a.m. ET, Fubo's stock is up about 25%.
However, this pales in comparison to the stock's massive 250% gain on Monday, which came on the back of its deal with Disney (NYSE: DIS) to merge its streaming service with Disney-owned Hulu+ Live TV.
If you are unfamiliar with the details, Disney will be a 70% owner of Fubo (which will be the combined company) when the deal closes in 12 to 18 months. The services have 6.2 million subscribers between them and could become more appealing to consumers when combined.
Source Fool.com
