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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Fubo Stock Plunges 25% After Big Media Companies Announce New Sports Venture

Fubo rebranding spot.

The announcement that ESPN, Fox and Warner Bros Discovery were forming a new sports streaming venture sent shares of sports-oriented Fubo spiraling downward.

Fubo stock was down 25% to $1.88 a share in Wednesday morning trading.

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