Daily fantasy sports platform FanDuel is in talks to be acquired by Paddy Power Betfair, allowing Comcast, Time Warner and Alphabet to exit.
Betting firm Paddy Power Betfair (PPB) is in advanced talks to acquire FanDuel, a US-based daily sports fantasy platform backed by several corporates, Legal Sports Report reported yesterday.
A prospective price for FanDuel, which has raised about $420m from investors including mass media group Comcast, entertainment group Time Warner and its Turner Sports subsidiary, and internet and technology group Alphabet’s growth equity unit, CapitalG, has not been disclosed.
PPB confirmed the report in a statement, saying: “Discussions are ongoing and…
