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FanDuel hands over large chunks of equity to existing investors

Operator raises new cash ahead of crucial NFL season but founders continue to dilute ownership stake

FanDuel has given large chunks of equity to existing investors as it seeks to raise new cash ahead of the upcoming NFL season, which could make or break the company’s future. According to a report in the Herald Scotland the percentage of FanDuel stock owned by investors including Shamrock, KKR, NBC Sports Ventures, Google Capital…

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