The $8.8 billion UK gambling giant to buy FanDuel

The United States Supreme Court struck down a federal law prohibiting sports betting, and the British gambling giant behind Paddy Power and Betfair wants a piece of the action. Paddy Power Betfair – valued on the public markets at £6.5 billion ($8.8 billion) – is close to buying FanDuel, a New York-based fantasy sports company.

 

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http://www.businessinsider.com/paddy-power-betfair-considering-buying-fanduel-2018-5

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