Announced
Completed
Synopsis
FaceBank Group, a celebrity and sports-focused virtual entertainment company, completed the merger with fuboTV, a live TV streaming platform. Financial terms were not disclosed. "The business combination of FaceBank Group and fuboTV accelerates our ability to build a category-defining company and supports our goal to provide consumers with a technology-driven cable TV replacement service for the whole family. With our growing businesses in the US, and recent beta launches in Canada and Europe, fuboTV is well-positioned to achieve its goal of becoming a world-leading live TV streaming platform for premium sports, news and entertainment content. In the current COVID-19 environment, stay-at-home stocks make perfect sense - we plan to accelerate our timing to uplist to a major exchange as soon as practicable. We look forward to working with John and his team of creative visionaries," David Gandler, fuboTV CEO.
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