Close
Close

Published

Hologram developer buys fuboTV as live sports evaporate

“In the current Covid-19 environment, stay at home stocks make perfect sense,” was how fuboTV CEO David Gandler encapsulated his company’s merger with virtual entertainment outfit FaceBank this week. Online entertainment content and virtual environments – the merger represents two of the hottest properties on the planet right now and is likely to be the first of many opportune acquisitions as a direct result of lockdowns. Once the rumored acquisition target of Verizon, the US streaming platform fuboTV has reacted at a time when the company’s core business – live sports – has fallen off a cliff. With live sporting matches virtually non-existent, fuboTV has been acquired by FaceBank, a specialist in developing holograms. The merged entity will retain the…

Close