On March 23, FaceBank Group, a celebrity and sports focused virtual entertainment company, and fuboTV, a live TV streaming platform, announced the companies have entered into a definitive merger agreement in which fuboTV will become a wholly-owned subsidiary of FaceBank, and FaceBank will be renamed fuboTV Inc. Wilson Sonsini Goodrich & Rosati advised fuboTV in the transaction.
According to the press release, the proposed merger is expected to create a leading digital entertainment company, combining fuboTV's direct-to-consumer live TV streaming platform with FaceBank's technology-driven IP in sports, movies, and live performances. The combination will create a content delivery platform for traditional and future-form IP. The companies also believe the merger will position fuboTV to continue its global expansion with FaceBank's Nexway AG, a global ecommerce and payment platform.
The Wilson Sonsini team advising fuboTV includes the following attorneys:
Corporate/M&A
Robert G. Day, Partner
Megan J. Baier, Partner
Mark P. Holloway, Partner
Brendan Ripley Mahan, Associate
Carly Bernstein, Associate
Courtney Matteson, Associate
Abigail Riddle, Associate
Corporate Finance
Dana J. Hall, Partner
Sam A. Millang, Associate
Tax
Gregory P. Broome, Partner
Derek E. Wallace, Of Counsel
Employee Benefits & Compensation
Sriram Krishnamurthy, Partner
Matthew C. Norgard, Associate
For more information, please see the press release announcing the transaction.