Flutter to “vigorously defend” position in Fox-filed FanDuel lawsuit

US partner Fox Corporation initiates legal challenge in dispute over share purchase deal relating to $11.2bn FanDuel business

Flutter Entertainment will “vigorously defend” its interests in a lawsuit filed by Fox over the value of a 2021 option that allows Fox to purchase an 18.6% stake in leading sports US sports betting and DFS brand FanDuel. Flutter has offered the FanDuel stake option to Fox at “fair market value” as of July 2021.…

FanDuel | Finance | Flutter Entertainment | Legal Challenge | Sports betting | US