Company watch: Flutter mulls a punt on spinning out part of its US FanDuel business

Paddy Power-Betfair owner looks at continued expansion into the lucrative American market and wants to open up further potential acquisitions

2nd May, 2021
Company watch: Flutter mulls a punt on spinning out part of its US FanDuel business
Flutter is currently locked in a dispute with Rupert Murdoch’s Fox Corporation over the value of an option the latter has to acquire a stake in FanDuel

Flutter may not have decided whether to spin out part of its US FanDuel business yet, but the gambling giant has a clear sense of what it would do with the proceeds if it did push the button on the plan.

The Dublin-headquartered owner of Paddy Power-Betfair last month confirmed it was weighing up the possibility of listing a small shareholding of its US FanDuel business.

Announcing its first quarter 2021 results on Thursday, it...

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