Paddy Power Betfair plc (LON:PPB) noted today the media speculation, and confirmed that it is in discussions, regarding a potential combination of the Group’s US business and FanDuel to create a combined business to target the prospective US sports betting market.
Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction.
Paddy Power Betfair plc said a further announcement will be made as appropriate.
FanDuel got its start at the 2009 SXSW Interactive festival — right there in that backyard — when our founding team decided to focus their efforts on changing the game in fantasy sports.
The season-long game would be simplified. The winning amplified. The money real. And the result? A new way to play fantasy — fan vs. fan in a test of sports knowledge and fantasy knowhow — where winners can taste victory on any given day. Not just once a year.