Flutter takes control of FanDuel in $4.2bn buyout

FTSE 100 operator accelerates 37.2% stake purchase after “transformational” impact of FanDuel in US

Flutter Entertainment has agreed a $4.2bn (£3.1bn) deal to acquire an additional 37.2% stake in US sports betting operator FanDuel. Under the terms of the agreement, Flutter will pay $2.1bn in cash from its balance sheet and issue approximately 11.7 million new Flutter shares to Fastball. Fastball previously owned the FanDuel stake valued at a…

FanDuel | Fastball | Flutter Entertainment | M&A | Peter Jackson | Sports betting | US