Sports Betting: FanDuel Parent Wields M&A To Expand
Global Finance
OCTOBER 7, 2024
The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025. It is expected to have $6 billion at its disposal, at least through mid-2026, “for additional M&A or buybacks,” analysts at the firm wrote in late September.
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