LinkBack URL
About LinkBacksOn 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:
Read more here: https://www.legalsportsreport.com/20...-with-fanduel/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.
Results 1 to 2 of 2
-
15 May 2018, 11:52 am #1
GPWA Gossip Hound
- Join Date
- February 2007
- Location
- Newton, MA
- Posts
- 4,231
- Thanks
- 418
- Thanked 1,882 Times in 1,161 Posts
Sources: Paddy Power Betfair close to acquiring FanDuel
-
The Following User Says Thank You to The Buzz For This Useful Post:
Cash Bonus (15 May 2018)
-
15 May 2018, 1:37 pm #2
Public Member
- Join Date
- December 2013
- Location
- WC
- Posts
- 4,664
- Thanks
- 1,357
- Thanked 3,618 Times in 2,038 Posts
Great. Fanduel was still stealing not enough. Now they will steal everything.
If you talk to God, you are praying; If God talks to you, you have schizophrenia.
Reply With Quote
Posting Permissions