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FuboTV closes public offering

October 14, 2020 09.38 Europe/London By Chris Dziadul

The sports-first live streaming platform fuboTV has closed its previously announced public offering of 18,300,000 shares at the offer price of $10 a share.

It received total gross proceeds of $183 million before deducting the underwriting discounts and commissions and other offering expenses.

Evercore ISI acted as the lead book-running manager for the offering. BMO Capital Markets Corp., Needham & Company and Oppenheimer & Co. acted as additional joint bookrunners and Roth Capital Partners and Wedbush Securities as co-managers.

FuboTV gives subscribers access to thousands of live sporting events annually, as well as leading news and entertainment content. Its base package, fubo Standard, features a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks across sports, news and entertainment.

FuboTV merged with FaceBank Group in April 2020 to create a digital entertainment company, combining fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters with FaceBank’s technology-driven IP in sports, movies and live performances.

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Filed Under: Finance, Newsline, Platforms, Streaming Tagged With: fuboTV Edited: 14 October 2020 09:38

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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