Walt Disney, Fox, and Warner Bros. Discovery said Friday they have scrapped plans to launch their jointly owned streaming platform Venu Sports, sending shares in rival FuboTV higher. “After careful consideration,

FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape. Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform,

Walt Disney Co. and streaming provider FuboTV Inc., are nearing a deal to combine their online live TV businesses, according to people familiar with the matter.