The two golf leagues had been locked in a heated rivalry.
The PGA Tour has announced it will be merging operations under a single owner with its rival, the Saudi-backed LIV Golf, as well as the DP World Tour, formerly known as the European Tour.
"After two years of disruption and distraction, this is a historic day for the game we all know and love," PGA Tour Commissioner Jay Monahan said in a statement. "This transformational partnership recognizes the immeasurable strength of the PGA TOUR's history, legacy and pro-competitive model and combines with it the DP World Tour and LIV – including the team golf concept – to create an organization that will benefit golf's players, commercial and charitable partners and fans.
He continued, "Going forward, fans can be confident that we will, collectively, deliver on the promise we've always made – to promote competition of the best in professional golf and that we are committed to securing and driving the game's future."
The upstart LIV Golf league had been locked in a heat rivalry over the top golfers in the world. Players like Brooks Koepka, Phil Mickelson and Bryson DeChambeau took the guaranteed money from LIV Golf, while players like Rory McIlroy and Tiger Woods pledged to remain with the long-established PGA Tour.
This is a developing story. Please check back for updates.
