Fanduel CEO reveals information on merger with DraftKings; doubt still remains
For months now, daily fantasy sports fans have been awaiting a big merger between the two top providers of contests, FanDuel and DraftKings. The merger has faced regulatory hurdles along the way and after revealing that investors may have to provide more funds for the company, FanDuel CEO Nigel Eccles has now provided information that casts even more doubt that the merger will take place.
The CEO was recently interviewed by Recode and the details of that interview published yesterday. Eccles stated in the interview that FanDuel was evaluating their options which includes walking away from the deal with DraftKings if the Federal Trade Commission cannot be convinced that the merger will decrease competition within the daily fantasy sports marketplace.
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