Fox Suing Flutter on Price of 18.6 Percent FanDuel Stake
Fox Corp. (NASDAQ:FOXA) is reportedly suing Flutter Entertainment (OTC:PDYPY) over the price the Irish gaming company wants the media company to pay to acquire an 18.6 percent stake in online sportsbook operator FanDuel. The FanDuel sportsbook at the Meadowlands in New Jersey. Fox is suing Flutter for a fair price on a stake in the sportsbook company. (Image: Forbes) It’s long been known that the broadcasting giant plans to acquire a larger slice of FanDuel. But Flutter wants what it believes is fair market value, while Fox wants the price the parent company paid – $4.175 billion last De...
Source: casino.org