09:07 AM EDT, 10/29/2025 (MT Newswires) -- Walt Disney ( DIS ) and FuboTV ( FUBO ) said Wednesday they completed their previously announced business combination to merge Fubo with Disney's ( DIS ) Hulu + Live TV business.

The combined company, which will operate as the sixth largest pay TV company in the US, will continue to provide Fubo and Hulu + Live TV to consumers as separate services, offering multiple streaming plans at different price points, the companies said.

Fubo's co-founder and Chief Executive Officer David Gandler will lead the combined business, with a new board chaired by Andy Bird, former chairman of Walt Disney International.

Disney ( DIS ) holds a 70% stake in the combined business, while existing Fubo shareholders own about 30%, the companies said.

Disney ( DIS ) also said it committed to provide access to a $145 million term loan to the combined company in 2026.

Shares of Fubo were up over 21% in recent Wednesday premarket activity, while Walt Disney ( DIS ) shares were down 0.2%.