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Flutter acquires 100% ownership of FanDuel

Aug 01, 20255 months ago

Acquiring Company

Flutter Entertainment

Acquired Company

FanDuel

United KingdomGamblingSportsGamingentertainment

Description

Flutter Entertainment has finalized its 100% takeover of FanDuel by completing a $1.758 billion buyout of Boyd Gaming's stake. This acquisition secures Flutter's full ownership of the US sportsbook, enhancing its position in the market. The deal also extends Flutter's strategic partnership with Boyd Gaming to 2038. Flutter's CEO emphasizes the transformational impact of this ownership on their growth strategy.

Company Information

Company

Flutter Entertainment

About

Flutter Entertainment is a global sports betting, gaming, and entertainment provider with a strong presence in the US market. It is committed to expanding its footprint in the burgeoning US sports betting and iGaming sectors.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed