Fuhgetddaboudit: The proposed merger between DraftKings and FanDuel is off.The top two daily fantasy sports sites spiked their much-discussed union after facing intense scrutiny from the Federal Trade Commission, the companies said Thursday.In a brief joint statement, DraftKings CEO Jason Robins and Fanduel CEO Nigel Eccles said the government’s opposition forced them to scrap the deal.”We are disappointed by this decision and continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry,” the statement read. “We are considering all our options at this time.”The decision comes nearly a month after the FTC, along with the attorney general offices in California and the District of Columbia filed suit to block the merger. The two companies, which control over 90 percent of the US market, agreed to join forces in November.It was thought that DraftKings’ Robins would become CEO of the newly combined company, while FanDuel’s Eccles would serve as chairman.Not any more.
- UFC Fight Night DFS: Top DraftKings, FanDuel daily Fantasy MMA picks for Woodley vs. Burns
- UFC Fight Night DFS: Best DraftKings, FanDuel daily Fantasy MMA picks for Woodley vs. Burns
- KBO DFS: Top DraftKings, FanDuel daily Fantasy baseball picks, advice, player pool for May 30
- China keen to seek benefits from pandemic, distressed U.S. assets: report
- Kyle Busch tabbed as favorite for Supermarket Heroes 500
- UFC Fight Night prediction: Tyron Woodley vs. Gilbert Burns -- Fight card, odds, start time, live stream
- UFC Fight Night: Woodley vs. Burns predictions, odds, picks: Best bets on the fight card by proven MMA expert
- UFC president Dana White claims Jon Jones wants 'what Deontay Wilder makes' for Francis Ngannou fight
- UFC Fight Night: Woodley vs. Burns odds, top predictions: MMA insider unveils surprising fight card picks
- UFC Fight Night: Woodley vs. Burns odds, top predictions: MMA insider makes surprising fight card picks
DraftKings and FanDuel merger spiked have 312 words, post on www.cnet.com at July 13, 2017. This is cached page on IT Breaking News. If you want remove this page, please contact us.