DraftKings Merger with FanDuel Discussed

Draft Kings ClearDraftKings CEO Jason Robins said that a possible merger between his company and FanDuel is a “very interesting idea” that could add value for shareholders and provide customers with a better service at a better cost.

But he declined to rate the chances of it happening after recent reports of merger discussions between the two daily fantasy sports rivals.

“I don’t really have much more insight into how likely or not likely that would be,” Robins told USA TODAY Sports Saturday. “I certainly haven’t changed my view on how interesting it is.”

United as one or not, Robins still said he sees a clearer path forward for both now that the New York legislature passed a bill that legalizes and regulates daily fantasy sports. The bill cleared the New York senate early Saturday and will become law pending the signature of Gov. Andrew Cuomo, whose office provided input on the bill’s text.

It marked a huge development for both companies after being declared illegal gambling operations in several states since October. Upon Cuomo’s signature, Robins said they could begin operating in New York within 24 hours, getting back on their feet in that state following a crippling battle with Eric Schneiderman, the state’s attorney general.

More at USA Today

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