on the SLING TV<\/a> streaming service after notching a similar accord with DISH Network. So its potential over-the-top (OTT) ambitions aren\u2019t far-flung.<\/p>\nPlus, the virtual multichannel video programming distributors business (vMVPD) industry provides the added allure of revenue stream diversification. Online sports wagering, internet casinos, and daily fantasy sports (DFS) are the primary drivers of DraftKings\u2019 top line.<\/p>\n
Even with today\u2019s rally and its first close above $4 in about two months, Fubo\u2019s market capitalization is just $608.29 million, meaning it\u2019s easily digestible for any of the aforementioned gaming companies and plenty of others in the industry.<\/strong><\/p>\nVarying Outlooks for Fubo<\/h2>\n
Whether buyers come calling for Fubo remains to be seen. The company\u2019s broader streaming business is adding subscribers. But it\u2019s possible the escalating prices of sports broadcast rights and the growing costs of adequately competing in the sports wagering arena compel FuboTV to develop partnerships with larger enterprises.<\/p>\n
In a recent report, Needham analyst Laura Martin lays out two scenarios — one in which FuboTV sells itself and another in which sports rights fees accelerate so rapidly that the company\u2019s ability to turn profits is hindered.<\/strong><\/p>\nFuboTV\u2019s investor day is slated for Tuesday, Aug. 16. the company may provide some updates on its sports wagering plans and partnership efforts at that event.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of FuboTV (NYSE:FUBO) surged 15% Thursday on volume that was more than double the daily average. The spike came amid renewed speculation the streaming entertainment company is a potential takeover target. An article published earlier today by SportsHandle suggests fuboTV could be attractive for a larger suitor. The article mentions Fubo Gaming’s Scott Butera\u2019s […]<\/p>\n","protected":false},"author":46,"featured_media":226071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093,1],"tags":[81903,81966,81967],"acf":[],"yoast_head":"\n
FuboTV Could Be Takeover Target For Variety Of Gaming Companies<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n