Reported 2 days ago
Senator Elizabeth Warren has urged the U.S. Justice Department to investigate Walt Disney Co.'s acquisition of a controlling stake in FuboTV, claiming the deal is anticompetitive. Disney's merger of its Hulu + Live TV service with Fubo would result in it owning 70% of the new venture, bypassing a lawsuit from Fubo against Disney and others regarding a competing sports streaming service. Warren warns that the acquisition could increase costs for viewers and exemplifies Disney's history of anticompetitive practices.
Source: YAHOO