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Synopsis
fuboTV, a sports-first live TV streaming platform, completed the acquisition of Molotov, a live TV streaming company, for $190m. “With today’s closing, fuboTV has acquired a very talented team and an innovative tech stack that can help accelerate our development in the US with a judicious deployment of minimal incremental investment dollars. At the same time, this combination will provide technology to grow Molotov’s business model. Over the long term, we believe the synergies of the combined company will give us operating leverage to build a scalable global platform as we continue on our mission to deliver the world’s leading interactive sports and entertainment live TV experience," David Gandler, fuboTV Co-Founder and CEO.
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