Why fuboTV Stock Tripled Today

That's one for the highlight reel.Shares of fuboTV (FUBO 226.01%), the struggling sports streaming service, were skyrocketing today after the company agreed to merge fuboTV with Hulu + Live TV, owned by Walt Disney (DIS 0.86%), under the fuboTV name and ticker.FuboTV will own 30% of the new company, while Disney will own 70%. The investor response isn't surprising, as fuboTV had been struggling to turn a profit, and a merger seems like the best result for investors.As of 12:16 p.m. ET, fuboTV stock was up a ...