Flutter playing Fastball as stakes rise in the US
The gambling giant is ramping up its stake in the fantasy sports company to 95 per cent in a €3.44bn deal
In the high-stakes business of corporate deal-making, leverage is key – and while thrashing out an agreement with Fanduel’s private equity backers in recent months, Peter Jackson felt he had it on his side.
Last Thursday, the Flutter chief executive announced the gambling giant’s intention to increase its stake in Fanduel, the daily fantasy sports company that Flutter has been using to drive its expansion in the US since 2018, to 95 per...
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