Tag: Federal Trade Commission

FanDuel in Search of Funds After Blocked DraftKings Merger

The leading fantasy sports giant, FanDuel, asks help from its investor for more funds. The recent FanDuel funding rounds could have been avoided if the US Federal Trade Commission (FTC) did not block the DraftKing merger deal. Merging with DraftKings could help fish FanDuel out of the red. However, FTC viewed the merger as a