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DRAFTKINGS AND FANDUEL IN MERGER TALKS?
DRAFTKINGS AND FANDUEL IN MERGER TALKS?
Respected business publication says two daily fantasy sports leviathans have common interests.
The respected business publications Bloomberg and Wall Street Journal have reported that daily fantasy sports billion-dollar behemoths FanDuel and DraftKings are engaged in merger talks.
Apparently investors have been lobbying management for such a merger for some months, arguing that both companies have similar challenges - especially in the United States - and almost identical businesses that could benefit from such a move.
However, legal experts have warned that a merger could fall foul of the strict anti-trust laws in the States.
No final transaction has been agreed, and the deal may still fall apart, Bloombergs sources said.
Representatives for the two companies declined to comment when approached by Bloomberg.
Investors in DraftKings include Madison Square Garden Co., and the Kraft Group, which owns the New England Patriots. FanDuel is backed by KKR & Co. and Time Warner Inc., among others.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
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The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
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Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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