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Paddy Power Betfair plc

Paddy Power Betfair plc Its in Merger Talks with FanDuel

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.

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