Flutter Entertainment increasing its interest in FanDuel Group
British and Irish gambling behemoth Flutter Entertainment has reportedly agreed a deal worth about $4.2 billion that is to see it acquire a further 37.2% stake in American online sportsbook operator FanDuel Group.
According to a Thursday report from the Financial Times newspaper, the London-listed firm already held a 61% stake in FanDuel Group courtesy of a $770 million arrangement inked in May of 2018 and will be purchasing the additional interest from a consortium known as Fastball Holdings, which consists of Google Ventures, KKR and Company Incorporated, Verizo…