BIG BREAKING NEWS – FUBOTV ACQUIRES MOLOTOV: Streaming Service FuboTV acquires French OTT Molotov SAS [#FuboTV #Molotov] 11/09

BIG BREAKING NEWS – FUBOTV ACQUIRES MOLOTOV: Streaming Service FuboTV acquires French OTT Molotov SAS [#FuboTV #Molotov] 11/09

FuboTV is not slowing down as it strives to become the world’s go-to sports-first live TV platform.

The popular streaming service has acquired French OTT leader Molotov SAS for approximately $190 million.

The agreement includes a cash portion and equity consideration.

The deal is still subject to approval but is expected to close sometime next quarter.

Fubo is increasing its global footprint by taking over France’s largest live-streaming company.

The cable TV alternative, which originally launched as a streaming soccer service in 2015, will now be available in France, along with Canada, Spain and the United States.

Boosting its reach across linear and non-linear platforms, Fubo will inherit Molotov’s 16 million users in a move that leverages the company’s worldwide reach in countries including Senegal and Ivory Coast.

FuboTV Buys French OTT Leader Molotov for $190 Million – Sportico.com
Sportico.com

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