In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering.

By Dawn Chmielewski, Mike Scarcella (Reuters) -Streaming service FuboTV said on Monday it has agreed to end litigation against the three major media companies behind the live sports app Venu Sports after Walt Disney Co announced it would merge its Hulu + Live TV business with Fubo.