December 3, 2020
Flutter Entertainment has secured its majority shareholding in US wagering subsidiary FanDuel after agreeing to acquire the 37.2% interest held by the ‘Fastball’ consortium for $4.17 billion (£3.1bn). The transaction will see Flutter increase its majority shareholding in FanDuel from 58% to 95% – as the FTSE100 operator triggers an early buyout clause to increase its interest in its flagship …
Read More »May 28, 2020
Flutter Entertainment Plc has this afternoon confirmed that it plans to sanction a private placement of 8 million corporate shares made available to ‘institutional investors’. The enlarged FTSE100 gambling group seeks to raise a further £850 million in working capital, strengthening its liquidity to take advantage of the short and long-term opportunities presented by a disrupted marketplace. Confirming the placement, …
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