DraftKings and FanDuel, operators of the two largest sites in the multibillion online fantasy sports industry, have abandoned their plans to merge in the face of pressure from the Federal Trade Commission.
July 13, 2017 at 05:00 PM
1 minute read
DraftKings and FanDuel, operators of the two largest sites in the multibillion online fantasy sports industry, have abandoned their plans to merge in the face of pressure from the Federal Trade Commission.
The companies “believed that this deal would have increased investment in growth and product development thereby benefiting consumers and the greater sports entertainment industry,” FanDuel CEO Nigel Eccles said Thursday.
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