FuboTV brand. The deal is expected to close in the first quarter of 2025, pending regulatory approval. Fubo shares soared over 200% on the news, while Disney’s stock climbed around 1%. This move is seen as a way for Disney to strengthen its position in the streaming space and compete with other major players like Netflix and Amazon Prime Video.
In other news, bitcoin prices traded above $101,000 a token on Monday, marking the first time the leading cryptocurrency has topped $100,000 since December 19. This surge in price comes as investors continue to show interest in digital assets as a store of value and hedge against inflation.
Overall, the upbeat mood in the stock market on Monday was driven by strong performances from chip stocks, anticipation for key economic data later in the week, and positive news in the media and tech sectors. Investors will continue to monitor developments in the market and key events throughout the week to gauge the direction of the market in 2025.