Latham & Watkins Advises Fubo in Combination With Disney’s Hulu + Live TV Virtual MVPD Business

Fubo TV Inc. (NYSE: FUBO) and The Walt Disney Company (NYSE: DIS) announced that they have entered into a definitive agreement for Disney to contribute its Hulu + Live TV business and cash to Fubo (the Transaction), forming a combined virtual MVPD company. Upon closing of the Transaction, Fubo will remain publicly listed on the NYSE and will be 70% owned by Disney and its affiliates. The Transaction will enhance consumer choice by making available a broad set of programming offerings, and is subject to the receipt of regulatory approvals, Fubo shareholder approval, and the satisfaction of other customary closing conditions. In connection with the Transaction, Fubo has settled all litigation with Disney and ESPN related to Venu Sports, the previously announced sports streaming platform planned by ESPN, FOX, and Warner Bros. Discovery, and Fubo has also settled all litigation with FOX and Warner Bros. Discovery.

Latham & Watkins LLP represents Fubo in the transaction with a corporate deal team led by New York partner Andrew Elken, Chicago partner Owen Alexander, and New York/Orange County partner Charles Ruck, with associates Kyle Adams, Maya Rahwanji, Taylor Wood, Eric Giray, Joey Yu, and Rebecca Pecora. Advice was also provided on public company and board representation matters by New York partner Jenna Cooper, with associate Cat Cohen; on capital markets matters by New York partner Greg Rodgers and counsel Ryan deFord, with associates Ryan Gold, Matt DeSilva, and James Sullivan; on tax matters by Houston partners Jared Grimley and Christine Mainguy, with associate Dominick Constantino; on entertainment, sports, and media matters by Century City partner Adam Sullins and counsel Paul Iannicelli, with associates Adele Zhang, Kaitlin Ray, Aiyanna Sanders, and Alex Sibirzeff; on benefits matters by San Diego partner Holly Bauer and Washington, D.C. counsel Laura Szarmach, with associate Bryce Williamson; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Elizabeth Duncan; on antitrust matters by Washington, D.C. partners Amanda Reeves and Patrick English, and San Francisco partner Kelly Fayne, with associates Matthew Piehl, Carla Palma, and Charlotte Yeung; on ex-US regulatory matters by Brussels partner Héctor Armengod, Hamburg partner Jana Dammann de Chapto, and Paris partner Adrien Giraud, and counsel Tomas Nilsson, with associate Alicja Klosok; on anticorruption and sanctions matters by Washington, D.C. partner Erin Brown Jones, with associate Clinton Summers; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Kellye Quirk; on data privacy matters by Houston counsel Robert Brown II, with associates Sarah Zahedi and Zac Alpert; on litigation matters by Washington, D.C. partner Andy Clubok; on real estate matters by New York counsel Shira Bressler; on CFIUS and export controls matters by Washington, D.C. partner Les Carnegie, with associates Ehson Kashfipour and Katherine Ryan; on French corporate matters by Paris partner Alexander Crosthwaite and Simon Lange, with associate François Blanchet; and on French employment matters by Paris partner Matthias Rubner.