FanDuel in talks to buy DraftKings

[Shizzmoney]

Knew this was gonna happen at some point:

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https://twitter.com/twt/status/742439126654423041

Circle jerks gonna circle jerk

[BeerAndPoker]

Merger confirmed today.

http://www.wsj.com/articles/draftkin...rge-1479479405

[DJ_Chaps]

Fanduel is a joke. Told me I can't play there cuz my info "doesn't match public records". WTF does that even mean, and what kinda public records are they talking about. Then they illegally request my SIN number LOL.

[lol wow]

Rofl chaps too dumb to play fantasy sports

[DJ_Chaps]

Rofl chaps too dumb to play fantasy sports

IM ON EVERY SITE BUT SCAMDUEL YOU EXTRA CHROMSOME HAVING NINCUMPOOP

[lol wow]

we appreciate your donations

[Tegnation22]

Markets not big enough for competition.

Hopefully the positive thing out of this will be less fantasy sports commercials.

[Shizzmoney]

U.S. regulators might block the merger of FanDuel and DraftKings

https://www.recode.net/2017/6/14/158...er-competition

Staff at the U.S. Federal Trade Commission have raised serious competition concerns with the proposed merger of FanDuel and DraftKings, according to three sources familiar with the matter, raising the specter that the government agency could soon block the deal.

As originally proposed, the combination would grant FanDuel and DraftKings — which rank as the top-two daily fantasy sports websites in the United States — perhaps more than 80 percent of that particular market. That’s a significant foothold in the industry, and it’s weighed heavily on some legal staff at the FTC, which began its customary antitrust review of the merger shortly after it was announced in November 2016.

For now, a recommendation by some at the FTC to sue to stop the deal is only an initial step in the process: It would still fall to the agency’s sitting commissioners to vote on the matter, which could happen this week.

This time, however, a legal challenge could prove especially tough to bring. At the moment, the five-member FTC only has one Republican chairman and one Democratic commissioner, and if they split in their vote, the deadlock would allow the FanDuel-DraftKings deal to proceed unimpeded.

Asked about the merger, a spokeswoman for the FTC declined to comment. Spokeswomen for both FanDuel and DraftKings also declined to comment on Wednesday.

usually bipartisanship is good for corporate dealings in government; for once, gridlock may help it

[Shizzmoney]

Federal antitrust regulators yesterday sued to block the proposed merger of fantasy sports sites DraftKings and FanDuel, leaving the two companies scrambling to decide whether to fight as partners or go their separate ways as rivals. As we wait, Axios has obtained a 106-page merger document circulated by FanDuel to its investors back in January, which includes company financials, valuations, risks and post-merger structures.

The jaw-dropping stat: Remember when every other ad during the 2015 NFL season was for fantasy sports? DraftKings lost over half a billion dollars that year.

https://www.axios.com/the-draftkings...444723508.html

[BlunderMaker]

Are these fantasy sites beatable? I don't play so I've no clue how it even works.

[LarryLaffer]

Are these fantasy sites beatable? I don't play so I've no clue how it even works.

lolwow seems to beat it.

[Shizzmoney]

The merger is now off:

[BeerAndPoker]

This is the email I got.

Dear ,

Today we formally terminated our merger with FanDuel and will withdraw litigation from the Federal Trade Commission (FTC). This means we will move forward as a separate company, which we believe is the best course in the interest of you - our customers and avid sports fans.

We want to reassure you that you will not notice any changes to your account or your experience with us as a result of this decision. We will continue to offer best-in-class contests, prizes, and offerings to our players. We will continue to focus our resources and expertise on enhancing our products and features so we can deliver the exceptional sports entertainment experience you have always had and love with DraftKings.

DraftKings remains the preeminent platform in the daily fantasy sports industry. As a result, we are well-positioned to serve as a global hub linking fans to the sports, teams, players and game content they love.

This is an exciting time to be a sports fan and daily fantasy player. As we gear up for another successful NFL season, we will continue to put you - the sports fan - at the center of everything we do. We are excited to make this football season the best one yet with new products, innovative features, and exciting contests ready to be rolled out soon.

If you have any further questions about this announcement, please visit our dedicated frequently asked questions section on the DraftKings website.

Thank you for your continued loyalty throughout this process. We have the best fans in the world and could not have done any of this without you.

Best,

Jason Robins, Matt Kalish, Paul Liberman
Co-founders, DraftKings

Competition is better then a monopoly and both of these sites have different perks to them with different scoring systems. I'm sure DK and FD will have people talking to one another regularly and won't try to force the other into rake decreases that the DFS industry so desperately needs.

[Shizzmoney]

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https://twitter.com/twt/status/892406962251608065

methinks they are waning in new accounts

[GambleBotsChafedPenis]

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https://twitter.com/twt/status/892406962251608065

methinks there are going to be a lot of wives and girlfriends and cousins and step fathers and second cousins twice removed opening up new accounts

FYP

[Mintjewlips]

Cliff notes: lol wow can still launder money on draftkings.