Paddy Power Betfair plc (“the Group”) today announces a definitive agreement to combine its US business (“Betfair US”) with FanDuel, a leading US daily fantasy sports operator. The transaction strengthens the Group’s opportunity to target the prospective US sports betting market through the addition of a strong brand, large existing customer base and talented team. The scale of the combined business also means it is well positioned in discussions with providers of market access for sports betting.
https://www.paddypowerbetfair.com/~/med ... w-news.pdf
And they've worked up a presentation:
https://www.paddypowerbetfair.com/~/med ... tation.pdf
It'll be interesting to see how this progresses.
Best wishes
Mark