Tag Archives: Kraft Group

FanDuel & DraftKings reported to be in merger talks

Bloomberg News has reported that leading US daily fantasy sports (DFS) operators FanDuel and DraftKings are in merger talks, according to business insiders familiar with the situation. Merger talks have been pushed by investors, who have seen the value of their venture investments dip amid the continued legal trouble that the DFS operators have faced in various US states. Roughly …

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Florida lawsuit charges DFS investors & stakeholders of consumer negligence

Florida’s Southern District Court has recorded an amended nationwide lawsuit filed against DFS operators DraftKings and FanDuel plus related industry stakeholders including investors, US pro leagues (NHL, MLB and NBA), associated media owners and payment processors. The lawsuit filed by Florida Attorney Ervin Gonzalez on behalf of DFS players’ Antonio Gomez and John Gerecs was charged against approximately 50 DFS …

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DraftKings enters ‘Unicorn Club’ with $300 million Series D funding

The US tech industry has branded the birth of another ‘Unicorn’ as daily fantasy sports (DFS) operator DraftKings announces that it has raised $300 million (£195 million) in series D funding. 21 Century Fox’s Fox Sports division contributed the majority of the rounds funding capital, other investors included venture capital firms Atlas Ventures, Kraft Group and Raine Group. This latest …

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