FanDuel and DraftKings confirm "merger of equals"

Deal expected to close in H2 2017, although likely to face anti-trust review

FanDuel and DraftKings have announced a "merger of equals"as the two DFS market leaders look to overcome regulatory hurdles and recent cashflow problems. DraftKings CEO Jason Robins will become CEO of the newly combined company and FanDuel CEO Nigel Eccles will become chairman of the board. The company's board will be composed of those two…

Daily fantasy sports | DraftKings | M&A | Merger | US