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Streamer FuboTV, Facebank Group to Merge

Y2kTheNewOldies

Y2kTheNewOldies

https://www.hollywoodreporter.com/news/fubotv-merge-facebank-group-ip-developer-1285903

In the current COVID-19 environment, stay-at-home stocks make perfect sense," FuboTV said Monday.
FuboTV — a U.S.-based video streaming service offering a premium, over-the-top bundle of sports TV channels — has inked a deal to merge with Facebank Group, a developer of technology IP.

Terms of the deal were not disclosed, but the proposed merger aims to create a sports-first digital entertainment alternative online for cord-cutters and cord-nevers. The combined company will be led by David Gandler, CEO of FuboTV, which received earlier investment stakes from 21st Century Fox, European pay TV giant Sky, ICM Partners' Chris Silbermann, Luminari Capital and LionTree Partners.
Click to expand...

A deal is at play for Fubo and Facebank.
 
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