Shares of online streaming service fuboTV (NYSE:FUBO) are soaring Tuesday after the company said it’s purchasing sports wagering firm Vigtory.
The move is expected to aid the buyer’s effort to launch a web-based sportsbook at some point this year. Terms of the deal weren’t disclosed. New York-based fuboTV, which positions itself as a sports-first streaming television platform, said the transaction is slated to close in the current quarter. Founded in 2019, Chicago-based Vigtory rolled out…