In a move reminiscent of how major media companies have historically absorbed smaller players, Disney (DIS) and FuboTV (FUBO) announced on Jan.

FuboTV (NYSE:FUBO) dropped 3.2% amid a report that the Dept. of Justice is looking at Disney's (NYSE:DIS) plans to combine its Hulu + Live TV business with rival Fubo. DOJ attorneys are questioning media players if the combination may lead to Disney (NYSE:DIS) raising programming costs for pay-TV distributors,

Senator Elizabeth Warren is urging the US Justice Department to scrutinize Walt Disney Co.’s deal to take a controlling stake in streaming company FuboTV Inc, arguing that the move is anticompetitive.

Sen. Elizabeth Warren has urged the Justice Department to carefully scrutinize Disney’s deal to acquire a controlling stake in Fubo, saying the consolidation presents antitrust concerns. Disney announced in January that it would merge its Hulu + Live TV service with Fubo and take 70% ownership of the combined company.