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Paddy Power Betfair mulling takeover of US-based FanDuel

StockMarketWire.com

Paddy Power Betfair confirmed media speculation that it was in discussions regarding a potential acquisition of FanDuel to target the US sports betting market.

'Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction,' the gambling company said.

A potential bid was first reported by the Legal Sports Report, which cited unnamed sources.





Story provided by StockMarketWire.com