European gambling company in talks to buy FanDuel for $700M
17 points by
159 days ago
vinnyglennon 159 days ago
Awesome. Fantasytote.com is another Irish service in same fantasy football gambling space having players against each other using a tote, rather than the house setting the odds.
klondike_ 159 days ago
FanDuel claims not to be gambling yet they're being bought out by a gambling company. Interesting
anoncoward111 159 days ago
well, i mean, my opinion is that FanDuel is in fact a gambling company, but unalligned businesses do acquisitions all the time
I mean an e-commerce site literally bought a brick and mortar grocery store because it had the money
bantonj 159 days ago
This is probably the first of many sports gambling related moves.
ruairidhwm 159 days ago
Another big win for Edinburgh's tech scene :)
bmlevy9 159 days ago
What do you guys think of this?
mark-ruwt 159 days ago
It's the first of many. Companies have been circling for years, prepping for access to the US market.
SteveNuts 159 days ago
I'm surprised it's not in the billions, to be honest.
jonknee 159 days ago
Why? They don't have some special access to gambling that others don't and are known for losing phenomenal amounts of money.
morogop 159 days ago
Brutal. Their most recent round was $275 mil at a $1.3 billion valuation.
sjg007 159 days ago
huge.. this is a big deal.