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UK: FanDuel could abandon DraftKings merger

 |  July 12, 2017

FanDuel chief executive Nigel Eccles has admitted abandoning a proposed merger with rival fantasy sports operator DraftKings is one of a number of options “still on the table”.

Eccles, answering questions from journalists at FanDuel’s launch of a new daily fantasy golf offering in New York on Tuesday, said FanDuel was still “evaluating options” following a US Government move to block its merger with DraftKings last month.

Online tech publication, Recode, asked Eccles whether FanDuel and DraftKings planned to fight the US Federal Trade Commission (FTC) or abandon their merger plans, and Eccles said: “All of those things are still on the table”.

FanDuel’s proposed tie-up with DraftKings was thrown into doubt last month after FTC secured a court order effectively blocking the merger pending an evidence hearing set for 21 November in Washington.

Last weekend it was reported investors in FanDuel may be called on to stump up more cash in a new funding round , adding to around US$350 million already invested since 2009.

Full Content: New York Post

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