“We believe the combination of Flutter and TSG will deliver substantial value for shareholders,” he said. He said the takeover would “turbocharge” the company’s strategy of expansion into new markets while retaining a leading position where it is already well established, in the UK, Ireland and Australia. Peter Jackson, the chief executive of Flutter, will lead a combined business serving 4 million gamblers in 100 markets. ![]() Fox Sports will gain the right to acquire 18.5% of Flutter’s US fantasy sports business FanDuel at market value from 2021.įlutter bought FanDuel last year as it sought to establish a US bulkhead in the wake of the supreme court’s decision to legalise sports betting, a ruling that triggered a race between UK bookmakers to enter the lucrative new market.
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