Tag Archives: Kohlberg Kravis Roberts

FanDuel founders renew $120m compensation claim against Flutter Entertainment

Nigel and Lesley Eccles, the enterprise founders of US fantasy sports operator FanDuel are reported to be renewing their legal challenge against Flutter Entertainment Plc (formerly Paddy Power Betfair), in relation to the FTSE firm’s $465 million takeover of FanDuel completed in July of last year. The husband and wife team are joined by FanDuel co-founders’ Tom Griffiths (former CPO) …

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FanDuel secures $275 million with Google & Time Warner as Series E investors

Leading daily fantasy sports operator FanDuel has been valued at $1 billion, following its latest venture capital ‘Series E’ round of $275 million. The investment round was led by Venture Capitalist firm  Kohlberg Kravis Roberts (KKR), technology news sources report that new FanDuel investors include Time Warner and Google Capital (Source: Crunchbase). The $275 million comes less than 12 months …

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