DraftKings and FanDuel Announce Merger

Two of the biggest daily fantasy sports websites have announced a merger.

DraftKings and FanDuel will become one entity. The companies said that the merger will allow a greater investment in “growth opportunities and an accelerated path to profitability.”

“We have always been passionate about providing the best possible experience for our customers and this merger will help advance our goal of building a transformational global sports entertainment platform,” DraftKings CEO Jason Robins said in a statement. “Joining forces will allow us to truly realize the potential of our vision, and as a combined company we will be able to accelerate the pace of innovation and bring a richer experience to our customers than we ever could have done separately.”

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