Molotov joins the American group fuboTV

Molotov, the #1 TV streaming platform launched in France in 2016, joins fuboTV (NYSE: FUBO), the leading US TV streaming platform for live TV and sports programs, becoming the European hub of the group's operations. JeanDavid Blanc, founder of Molotov, remains president of the company and also becomes Chief Strategy Officer.

Molotov, France’s first OTT television streaming platform, announces a milestone in its development by joining the US group fuboTV Inc. (NYSE: FUBO), the leading US TV streaming platform for live TV and sports programs.

The operation is carried out through the acquisition of Molotov by fuboTV in the form of a cash and share transaction for an amount of $190 million (164.3 M€). The acquisition is subject to customary requisite approvals and closing conditions. It is estimated to close sometime during the first quarter of 2022.

The objective is to allow the deployment of a global platform on the two continents and internationally, Molotov being destined to become the European hub of the operations of the group.

Molotov will remain chaired and managed by its founder president JeanDavid Blanc, who is also appointed Chief Strategy Officer. The company, based in Paris and already made up of around a hundred people, intends to expand in order to become a development hub for the group.

“We are proud of this new step for Molotov. We share with fuboTV the same ambition and the same vision of a live TV streaming platform on both sides of the Atlantic. Our goal is to offer consumers a best-in-class streaming experience with premium television content on a global scale“, explains JeanDavid Blanc, founder and president of Molotov.

“Molotov has established itself as the benchmark for streaming television programs, financed by advertising or by subscription“, adds David Gandler, co-founder and CEO of fuboTV. “We are convinced that this strategic acquisition will help make fuboTV a global platform with strong operational leverage, a one-of-a-kind platform for all sports fans and their families.“

David Gandler adds: “With Molotov, we intend to continue to work toward providing users around the world with a truly one of a kind TV streaming experience, unheard of in its category.“

Molotov has distinguished itself with an extremely innovative experience, which has won numerous awards, focused on the distribution of live, catch-up and on-demand television programs.

With a mission to provide the world’s most thrilling sports-first live TV experience through the greatest breadth of premium content, interactivity and integrated wagering, fuboTV is focused on bringing to life its vision of a streaming platform that transcends the industry’s current virtual MVPD model.

Molotov operates in France and Burkina Faso, Ivory Coast, Senegal, Cameroon, and soon in the Democratic Republic of Congo, as well as in Morocco with Maroc Telecom. FuboTV currently operates in the United States and Canada and was the first American virtual MVPD to enter Europe with its launch in Spain in 2018.