Fantasy sports

Paddy Power Betfair enters DFS fray with £15m acquisition

London-listed firm announces all-cash deal for mobile-only US operator DRAFT

Paddy Power Betfair (PPB) has entered the DFS space for the first time with the acquisition of US operator DRAFT. PPB will pay an initial cash sum of $19m (£15m), with up to an additional $29m (£22m) due over the next four years, based on performance. “This acquisition provides the group with exposure to a…

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