Scotto Partners is advising Molotov's major shareholders in connection with its acquisition by fuboTV

Molotov SAS and the U.S.-based fuboTV Inc., the leading live TV streaming platform focused on sports and listed on the NYSE, have signed an agreement for the acquisition of France's leading live TV streaming service. By joining fuboTV, Molotov will become the European hub for the group's operations.

The transaction, subject to customary conditions, is expected to close no later than sometime during the first quarter of 2022.

Founded by JeanDavid Blanc (founder of AlloCiné) and Pierre Lescure (co-founder of Canal+), Molotov is a streaming platform that is revolutionizing access to television. Available on all screens and connected devices, Molotov has, after five years in business, more than 16 million users, making it the French leader in streaming content distribution.

fuboTV, which already operates in the United States, Canada, and Spain, is the leading subscription-based video-on-demand platform, offering primarily live sporting events. The transaction is part of fuboTV’s global expansion strategy, and the merger of the two companies’ technologies is expected to enable fuboTV to launch its interactive platform, focused on sports and entertainment, on a global scale.

Following the transaction, Molotov will remain based in Paris and led by its co-founder and current CEO, JeanDavid Blanc.

In connection with this acquisition, Molotov’s major shareholders were jointly advised by Scotto Partners, with a team consisting of Coralie Oger (partner), supported by Anaïs Pinton and Tania Lozano in corporate/M&A, Jérôme Commerçon (partner), supported by Martine Le Roux on tax matters, as well as Bertrand Thibaut (counsel) and Alban Tourneux on employment law.