Flutter Entertainment funds FanDuel buyout with £1.1bn share sale

Aidan Gregory

December 04, 2020 12:30 pm

FanDual_PA_575_375 — Advertising for the FanDuel fantasy football website in New York on Saturday, November 14, 2015. The U.S. Federal Trade Commission announced that it will seek to stop the merger between the two fantasy sports websites, DraftKings and FanDuel, citing that the resulting merger would control 90 percent of paid fantasy sports. (Photo by Richard B. Levine) *** Please Use Credit from Credit Field *** | Richard B. Levine/SIPA USA/PA Images

Flutter Entertainment, the parent of bookies Paddy Power and Betfair, has returned to the equity capital markets with a £1.1bn share sale to finance its acquisition of a stake in FanDuel Group, the New York-based fantasy sports and online casino company.

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Aidan Gregory