DraftKings and FanDuel Abruptly Call Off Planned Merger Following FTC Opposition
July 15, 2017
Daily fantasy sports betting sites DraftKings and FanDuel will not merge, according to ESPN Thursday. The companies announced plans to merge in November.
As the two largest companies in the field, the Federal Trade Commission (FTC) filed an antitrust lawsuit to block the move over monopoly concerns last month. The attorneys general of California and Washington D.C. also moved to block the merger.