Daily Fantasy Sports Firms FanDuel, DraftKings In Merger Talks: Sources
June 13, 2016
The two largest daily fantasy sports companies, FanDuel Inc. and DraftKings Inc., are in early-stage talks to merge, people familiar with the matter said on Monday, as the industry faces a crackdown by U.S. states over whether it runs illegal gambling.
The two sources said that no deal is certain and asked not to be identified because the negotiations are confidential. FanDuel declined to comment. DraftKings did not immediately respond to a request for comment.