US Department of Justice Investigation of the Disney deal To take a controlling share in Fubotv, Bloomberg reports. Fubo is a direct TV broadcast service known to it Wide sporty coverage. Officials study whether the deal will create a focus of power in the sports broadcast market.
In January, Disney announced that she would go Hulu + live TV service with FuboUltimately create the second largest digital TV provider to pay behind YouTube TV. Under the terms of the deal, Disney had about 70 % of Foupo.
The deal ended a lawsuit filed by Foupo against Disney, Fox and Warner Bruce Discovery on the planned sports broadcast service, Veno. Days after announcing the deal, companies canceled Venu plans. Disney and Fox agreed to pay $ 220 million to drop the lawsuit.
The Bloomberg report comes two months after Senator Elizabeth Warren The Ministry of Justice urged the investigation of the Disney Foubu dealNoting that the agreement was a way for Disney to avoid a lawsuit and file competition.
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