fuboTV’s Merger with FaceBank

Wilson Sonsini Goodrich & Rosati advised FuboTV, while Facebank was represented by Loeb & Loeb and Anthony L.G. as legal counsel; IndexAtlas AG as M&A adviser; and Axxcess Capital as financial adviser.

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.

Under the proposed merger, FuboTV plans to use Facebank’s intellectual-property sharing relationships with celebrities and other digital technologies to enhance its streaming sports and entertainment services. The companies also said the merger will position FuboTV for continued global expansion by leveraging with Facebank Group’s Nexway, a global ecommerce and payment platform with a business presence in 180 countries.

The Wilson Sonsini team included Robert G. Day (Picture), Megan J. Baier, Mark P. Holloway, Brendan Ripley Mahan, Carly Bernstein, Courtney Matteson, Abigail Riddle, Dana J. Hall, Sam A. Millang, Gregory P. Broome, Derek E. Wallace, Sriram Krishnamurthy, and Matthew C. Norgard?.

The Loeb & Loeb team included partners Mitch Nussbaum and Angel Dowd, senior counsel Peter Beardsley, and associates Bridget Henwood and Nicole Travers.

Involved fees earner: Peter Beardsley – Loeb & Loeb Llp; Bridget Henwood – Loeb & Loeb Llp; Mitchell Nussbaum – Loeb & Loeb Llp; Angela Santoro Dowd – Loeb & Loeb Llp; Nicole Travers – Loeb & Loeb Llp; Megan Baier – Wilson Sonsini Goodrich & Rosati; Carly Bernstein – Wilson Sonsini Goodrich & Rosati; Gregory Broome – Wilson Sonsini Goodrich & Rosati; Robert Day – Wilson Sonsini Goodrich & Rosati; Dana Hall – Wilson Sonsini Goodrich & Rosati; Mark Holloway – Wilson Sonsini Goodrich & Rosati; Sriram Krishnamurthy – Wilson Sonsini Goodrich & Rosati; Brendan Mahan – Wilson Sonsini Goodrich & Rosati; Courtney Matteson – Wilson Sonsini Goodrich & Rosati; Sam Millang – Wilson Sonsini Goodrich & Rosati; Matthew Norgard – Wilson Sonsini Goodrich & Rosati; Abigail Riddle – Wilson Sonsini Goodrich & Rosati; Derek Wallace – Wilson Sonsini Goodrich & Rosati;

Law Firms: Loeb & Loeb Llp; Wilson Sonsini Goodrich & Rosati;

Clients: FaceBank Group; FuboTV ;

Author: Ambrogio Visconti