DraftKings, FanDuel merge

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.

 

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