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  1. #1
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    The Buzz is offline GPWA Gossip Hound
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    Default Sources: Paddy Power Betfair close to acquiring FanDuel

    On the heels of the U.S. Supreme Court banishing PASPA on Monday, word comes that Paddy Power/Betfair, may be acquiring daily fantasy sports giant, FanDuel, according to LegalSportsReport.com:

    LSR has not determined if the deal has been consummated yet, or when it might be. Such clarification is not likely until a deal is actually announced by the two companies.

    Details of the acquisition and the price PPB is offering are also unknown, but it appears likely to be below the $1 billion valuation that FanDuel once enjoyed. Competitor DraftKings will obviously be very interested in what the price will be. It would seem that the possibility of a reverse merger with a special purpose acquisition company reported earlier this year is now on the back burner.

    Almost exactly a year ago, PPB acquired daily fantasy sports platform Draft for a deal that could be worth nearly $50 million.
    Read more here: https://www.legalsportsreport.com/20...-with-fanduel/

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    Sherlock is offline Public Member
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    Great. Fanduel was still stealing not enough. Now they will steal everything.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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