European gambling company in talks to buy FanDuel for $700M
17 points by
6 days ago
vinnyglennon 6 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_ 6 days ago
FanDuel claims not to be gambling yet they're being bought out by a gambling company. Interesting
anoncoward111 5 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 6 days ago
This is probably the first of many sports gambling related moves.
ruairidhwm 6 days ago
Another big win for Edinburgh's tech scene :)
bmlevy9 6 days ago
What do you guys think of this?
mark-ruwt 6 days ago
It's the first of many. Companies have been circling for years, prepping for access to the US market.
SteveNuts 6 days ago
I'm surprised it's not in the billions, to be honest.
jonknee 6 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 6 days ago
Brutal. Their most recent round was $275 mil at a $1.3 billion valuation.
sjg007 6 days ago
huge.. this is a big deal.