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,

A key Democratic U.S. Senator has written to the Acting Assistant Attorney General within the Department of Justice's antitrust division, urging Omeed Assefi to "closely scrutinize" the proposed acquisition of Fubo by The Walt Disney Company.

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.