The $8.8 billion UK gambling giant that owns Paddy Power and Betfair is considering buying FanDuel
|05/16/2018||Posted by BusinessMediaguide.Com under General World News||
- UK-based gambling conglomerate Paddy Power Betfair is considering buying FanDuel, according to multiple reports.
- A US ban on sports gambling has recently been struck down, and the acquisition would give the British gambling giant a doorway into the American market.
- The terms of the potential deal are not yet clear.
The United States Supreme Court struck down a federal law prohibiting sports betting, and the British gambling giant behind Paddy Power and Betfair wants a piece of the action.
Paddy Power Betfair — valued on the public markets at £6.5 billion ($8.8 billion) — is close to buying FanDuel, a New York-based fantasy read more >>>