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Fox Files Lawsuit Against Flutter Over FanDuel Ownership Stake as IPO Looms

Fox filed the suit last week to New Yorks Judicial Arbitration and Mediation Services (JAMS), a company spokesperson confirmed. "Fox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group — an American sports betting brand — for the same price that Flutter paid for that interest in December 2020," a Fox spokesperson said in a statement given to CNBC. "The suit was filed as an arbitration before JAMS in New York, NY by consen...
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