Paddy Power Betfair and FanDuel Enter Merger Agreement

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Go back to Paddy Power Betfair and FanDuel Enter Merger Agreement

Paddy Power Betfair and FanDuel Enter Merger Agreement to Bring Together US Businesses

May 23, 2018 12:24 PM EDT

Combined Company to Capture US Market Opportunity, Create Largest Online Sports Destination in the United States

NEW YORK--(BUSINESS WIRE)-- Paddy Power Betfair (LON: PPB) and FanDuel today announced a definitive agreement under which the companies will merge their US businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports.

The transaction combines FanDuels world-class technology, well-recognized brand, and large, highly engaged user base with Betfair USs existing TVG horseracing betting network and media business along with its online... More