FanDuel says it and DraftKings terminate merger

© Reuters. A DraftKings logo is displayed on a board inside of the DFS Players Conference in New York© Reuters. A DraftKings logo is displayed on a board inside of the DFS Players Conference in New York

WASHINGTON (Reuters) – FanDuel Chief Executive Nigel Eccles said on Thursday that his company and DraftKings would terminate a planned merger after a legal challenge by U.S. antitrust enforcers.

The U.S. Federal Trade Commission said in June that it would seek to stop the two companies' merger because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

Stock Market News

You May Also Like

Leave a Reply