Flutter doesn’t seem too thrilled about Fox’s plan to option FanDuel stake
"You have to ask Fox whether they intend to put their shareholder capital into that or not."
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Fox’s FanDuel move marks drastically different gambling strategy from ESPN
FanDuel owner ‘sizing up’ Penn Entertainment assets, which could include ESPN Bet
While ESPN Bet's financials don't set the world on fire, their customer base would be a nice addition to FanDuel's numbers
Fox and Flutter reportedly set to wind down Fox Bet sportsbook
The app could close as soon as next month.
FanDuel announces rebrand of TVG to FanDuel TV, launch of OTT service FanDuel+, new show with Kay Adams
"We intend for FanDuel TV to sit at the intersection of live sports and interactive content."
Fox has filed a lawsuit as an arbitration against Flutter over the price of its option for a stake in FanDuel
"Fox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group — an American sports betting brand — for the same price that Flutter paid for that interest in December 2020."
Flutter’s purchase of The Stars Group gives Fox an option to buy 18.5 percent of FanDuel Group in 2021
This deal has already boosted the value of Fox's Stars stake, and could lead to them getting a bigger stake in the new company.