The Walt Disney Co. Just Conducted a Master Class in Strategic Asset Management

It's official. The Walt Disney Company (NYSE: DIS) intends to become 70% owner of streaming television outfit (and cable alternative) FuboTV (NYSE: FUBO). Disney's similar Hulu+Live service will, in turn, become part of FuboTV, although (for the time being anyway) the two brands will continue operating separately. Most notably, the deal also means Fubo will drop its efforts to prevent Walt Disney from co-launching a sports-centric streaming service in partnership with Fox and Warner Bros. Discovery -- perhaps the ultimate goal of the negotiation.Fubo will remain a publicly traded company, to be clear -- Disney will simply be its biggest shareholder, buying yet-to-be-issued stock within the next year and a half.On the surface, it seems like a win-win. And in many regards, it is. Walt Disney can proceed with the debut of its sports-minded Venu platform, while FuboTV shareholders can bask in the 250% gain their stock experienced immediately after the announcement was made Monday morning. Some are saying the development may well have saved the tiny company since it also calls for much-needed funding from The Walt Disney Company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool