FanDuel and DraftKings Reverse Plans To Merge After Federal Agency Threatened To Sue
LISTEN TO TLR’S LATEST PODCAST: By Eric Lieberman The two biggest daily fantasy sports companies announced Thursday that they are no longer pursuing a merger, roughly a month after the Federal Trade Commission (FTC) threatened to sue if they proceeded. The FTC voiced their intent to block any merger between the two firms, DraftKings and FanDuel, in…