(Reuters) -Officials at the U.S. Department of Justice are probing Disney’s deal to take a controlling stake in streaming company FuboTV, Bloomberg News reported on Wednesday, citing people familiar with the plans.
The DOJ is looking into whether the deal would unduly concentrate the market for sports streaming, the report said.
Disney, Fubo and the Justice Department did not immediately respond to Reuters requests for comment.
Disney in January said it would merge its Hulu + Live TV business with smaller rival Fubo to create the second-biggest online pay-TV company in North America, behind YouTube TV.
Disney will hold a 70% majority stake in the combined Fubo and Hulu + Live venture, which will be led by Fubo CEO and co-founder David Gandler. The deal excludes Hulu’s mainstay video-streaming business.
(Reporting by Juby Babu in Mexico City; Editing by Arun Koyyur)
