![]() Flutter's co-owners in the FanDuel Group will receive a payment based on Fox Bet's market value under a formula. TSG recently teamed up with Fox Sports to launch a betting platform in the United States, a relationship that would continue if the transaction gets the necessary approvals - expected in the second half of 2020.įlutter CEO Peter Jackson, who will be chief executive of the combined company, said it would continue to work with Fox while also developing Flutter's FanDuel in the United States.įox Sports will have the right to acquire an approximate 18.5 per cent equity interest in FanDuel Group at its market value in 2021. ![]() He added that, under the leadership of TSG CEO Rafi Ashkenazi, who will become chief operating officer of Flutter, the company has grown and diversified the business beyond online poker to include gaming and sports betting. "The board of TSG and I are delighted to recommend this exciting combination of TSG and Flutter, which we believe will create significant value for TSG's shareholders," TSG executive chairman Divyesh (Dave) Gadhia said in a statement. On Thursday, the company pitched a merger with Canada's Stars Group, which is a major player in online poker. ![]() ![]() Flutter was created by the merger of British betting firms Betfair and Paddy Power. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |