It’s a good time to be an investor in the sports and entertainment streaming service Fubo, whose share price leapt 17% late Friday before climbing a further 23% this morning.
Fubo’s surge is the result of its Friday antitrust victory (for now) over Venu, the sports app joint venture between ESPN, Fox, and Warner Bros. Discovery. Venu was going to become available later this week at the price of $42.99 a month, but that’s on hold now—a development that could save Fubo from imminent doom.
