Home deals DraftKings, FanDuel Scrap Merger Plans After FTC Opposition

DraftKings, FanDuel Scrap Merger Plans After FTC Opposition

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Photo via FanDuel on Wikimedia Commons under the Creative Commons License

Variety reports: “Daily fantasy-sports sites FanDuel and DraftKings have called of their plans to merge, after the Federal Trade Commission last month said it would attempt to block the deal on antitrust grounds. The companies originally announced their intent to merge in November 2016, in a bid to pool their resources to try to become a bigger powerhouse in the fast-growing daily fantasy-sports segments.”

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