(Updates)

** Shares of FuboTV jump 156.3% to $3.70

** Walt Disney to combine its Hulu + Live TV business with Fubo and become majority owner of the resulting firm, companies say

** DIS shares up 1.4% at $112.72

** The combined business will operate under the Fubo publicly traded company name led by the existing Fubo management team; Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings

** Fubo has settled all litigation with Disney and ESPN related to Venu Sports, a sports streaming platform planned by DIS, Fox and Warner Bros. Discovery

** DIS, Fox, and WBD will make an aggregate cash payment to Fubo of $220 mln

** DIS has committed to provide a $145 mln term loan to Fubo in 2026 as part of the transaction

** FUBO is set to add more than $730 mln to its market value, if gains hold

** FUBO shares slumped ~60% in 2024

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))