Is Disney Stock a Buy After the Fubo Deal?

Walt Disney Co (NYSE: DIS) and FuboTV (NYSE: FUBO) just shook up the streaming sector.The two companies surprised investors by announcing the combination of Fubo and Hulu + Live TV into a company that will be known as Fubo, though both services will continue to exist as separate branded entities. Fubo shares skyrocketed on the news, more than tripling on Monday, while Disney initially posted modest gains but closed down 0.1%.Disney will own a 70% stake in the resulting company, and Fubo will retain a 30% share. Fubo's management will run the new company, while Disney will appoint the majority of the board of directors. Both brands will continue to operate as they are today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool