Fubo shareholders have approved the company’s planned business combination with Disney’s Hulu + Live TV, first announced in January.
The transaction, still subject to regulatory approval and customary closing conditions, will see Disney take a 70% stake in Fubo. The combined entity will be operated by Fubo’s existing management team, led by co-founder and CEO David Gandler.
Fubo and Hulu + Live TV will continue to be offered separately after the deal closes, but with expanded programming packages at a range of price points.
Gandler said shareholder backing was “one step closer to fulfilling our vision of a streaming marketplace that provides consumers with greater choice and flexibility.”
Upon completion, all outstanding Fubo common stock will convert into Class A Common Stock, which will continue to trade on the NYSE under the ticker FUBO.
