Shares of fuboTV Inc. (FUBO) surged 11.50% during Tuesday's intraday trading session, catching investors' attention with a significant corporate announcement. The sports-first live TV streaming platform disclosed a change in its independent auditors, moving from KPMG LLP to PricewaterhouseCoopers LLP (PwC), effective May 20, 2025.

The company cited specific auditor independence implications under SEC rules as the reason for the switch. This change is directly related to a planned business combination involving fuboTV, The Walt Disney Company, and Hulu, LLC. The transition to PwC aims to address potential independence issues that could arise from this strategic move. It's worth noting that there were no disagreements or reportable events between fuboTV and KPMG during the fiscal years 2023 and 2024, and KPMG's audit reports contained no adverse opinions.

Investors appear to be reacting positively to the news, interpreting the auditor change as a precursor to a potentially game-changing deal with Disney and Hulu. While details of the business combination remain undisclosed, the market seems optimistic about fuboTV's future prospects. The company's strategic positioning in the competitive streaming landscape, coupled with the possibility of aligning with media giants like Disney and Hulu, could significantly enhance its market position and growth potential.