FanDuel and DraftKings Agree to Strategic Merger of Equals

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Fantasy sports technology companies DraftKings and FanDuel today announced they have entered into a merger agreement.

The transaction is expected to close in 2017. Financial terms were not disclosed. The merger of FanDuel and DraftKings, which offer daily, weekly and season-long sports fantasy contests, will bring together two fantasy sports innovators to better serve consumers. (read the full story here)