Daily Fantasy Merger Won't Help Much With Legal Woes
By Zachary Zagger (November 22, 2016, 2:00 PM EST) -- Daily fantasy sports companies DraftKings and FanDuel announced last week that they plan to merge, but experts say though the deal, which still must pass antitrust scrutiny, puts the beleaguered companies in a better business position, it does little to help the companies in their ongoing legal challenges.
DraftKings Inc. and FanDuel Inc. — the No. 1 and No. 2 daily fantasy sports, or DFS, companies — announced a plan to join forces Friday after months of speculation about a possible merger and just weeks after the companies agreed to settlements to end litigation with New York Attorney General Eric Schneiderman....
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