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Fox Corp sues FanDuel owner of over price of deal


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Fox Corp is suing the owner of FanDuel Group to get a better price when it exercises its option to buy part of the U.S.-based subdivision of Flutter Entertainment, CNBC reports.
The suit was filed against Flutter last week in New York’s Judicial Arbitration and Mediation Services.
Fox is asking for a $11.2 billion valuation for 18.6 percent of FanDuel Group, the same value Flutter paid when it purchased part of the group last year, according to CNBC.
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Flutter says it wants Fox to pay fair market value when it exercises its option to buy part of FanDuel in July, arguing the $11.2 billion would represent a “windfall” for Fox Corp. ....

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