The PGA Tour, DP World Tour and the LIV Golf League, which have been embroiled in a bitter legal battle for more than a year, have agreed to merge and move forward in a larger commercial business, the circuits announced Tuesday.
The tours called the stunning development "a landmark agreement to unify the game of golf, on a global basis."
"There's been a lot of tension in our sport over the last couple years," PGA Tour commissioner Jay Monahan told CNBC on Tuesday. "What we're talking about today is coming together to unify the game of golf, and to do so under one umbrella.