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Shares of FuboTV Inc. skyrocketed Monday after the company announced a deal to combine Walt Disney Co.’s Hulu + Live TV ...

Shares of FuboTV more than doubled Monday on news the streaming service will combine with The Walt Disney Co.'s Hulu + Live TV.

The deal will create a streaming multichannel video service that is second only to YouTube in scale, while potentially allowing the Venu service to move forward.

Various options are being worked on as both entities are expected to hold equal stakes; the deal is at a decisive stage.