FuboTV to Merge With FaceBank, Which Takes Out $100M Loan to Fund Fubo’s Operations

Over-the-top TV provider FuboTV is getting a lifeline, in the form of a proposed merger with virtual entertainment company FaceBank Group.

Immediately following the closing of the merger, FuboTV will become a wholly owned subsidiary of FaceBank, and FaceBank will be renamed FuboTV Inc. The combined company is expected to be based in New York and led by current FuboTV CEO David Gandler as chief executive.

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