DraftKings, FanDuel Can Focus On DFS Legalization Post-Deal

Law360, New York (July 17, 2017, 3:55 PM EDT) -- Daily fantasy operators DraftKings and FanDuel last week backed out of a planned merger amid a potential antitrust challenge, a move experts called smart as it will allow the companies to focus on one of their main goals: promoting the expansion of legalized daily fantasy contests.

DraftKings Inc. and FanDuel Inc. said Thursday they had decided to drop their proposed merger, which was officially unveiled in November after months of speculation. The decision to scrap the deal comes just weeks after the Federal Trade Commission filed a lawsuit to block the merger on antitrust concerns and a week after a judge...

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