Tuesday, July 16, 2024

DraftKings, FanDuel merge

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By Anthony Caruso III | Publisher

DraftKings and FanDuel are now one, as the two companies have merged together. After months of discussions, the deal was announced on Friday.

Jason Robins, DraftKings co-founder, will now serve as the CEO of the new firm. Nigel Eccles, the FanDuel co-founder, will be the chairman of the board. Their board will combine three members of each company.

A seventh member will be named to the board later, according to Sports Illustrated.

At this time, according to ESPN, both companies will operate separately. The deal is pending approval from the Federal Trade Commission.

However, according to the Wall Street Journal, FanDuel attorney doesn’t expect there to be a problem with the deal.

 

Anthony Caruso III
Anthony Caruso IIIhttps://thecapitalsportsreport.com
Anthony Caruso III is the Publisher of The Capital Sports Report. He has been in the Journalism field since August 2002. Since that time, Mr. Caruso has covered many marquee events. This includes 13 Heisman Trophy ceremonies, 2 Little World Series events, and one Army-Navy College Football game.
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