Flutter Acquires 37% More Stakes of FanDuel in $4.2bn Deal

Flutter Entertainment Plc announced Thursday to buy the remaining 37% stake owned by Fastball in FanDuel Group for $4.2 billion. However, the conditional agreement is subject to approval by Flutter shareholders. Flutter shares rose to 14% to a record high following the announcement. The Dublin-based bookmaking holding company who currently owns a 58% stake in …

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