Latest Sports Scores

Scoreboard

  • ALL
  • NBA
  • MLB
  • NHL
  • NBA
  • 4/27 12:00 AM EDT
    CLE0
    IND0
  • 4/27 7:00 PM EDT
    TOR0
    MIL0
  • 4/27 9:30 PM EDT
    SA0
    MEM0
  • 4/27 12:00 AM EDT
    HOU0
    OKC0
  • MLB
  • 4/27 1:05 PM EDT
    Mia
    Phi
  • 4/27 1:10 PM EDT
    Sea
    Det
  • 4/27 1:10 PM EDT
    Atl
    NYM
  • 4/27 1:45 PM EDT
    Tor0
    StL0
  • 4/27 3:10 PM EDT
    Was
    Col
  • 4/27 3:45 PM EDT
    LAD
    SF
  • 4/27 6:10 PM EDT
    Hou
    Cle
  • 4/27 7:10 PM EDT
    NYY
    Bos
  • 4/27 9:40 PM EDT
    SD
    Ari
  • 4/27 10:07 PM EDT
    Oak
    LAA
  • 4/27 1:45 PM EDT
    Tor
    StL
  • 4/27 7:15 PM EDT
    Tor
    StL
  • NHL
  • 4/27 7:00 PM EDT
    NYR0
    OTT0
  • 4/27 7:30 PM EDT
    PIT0
    WSH0

DraftKings, FanDuel are reportedly in final stages of merger

Before you go, we thought you'd like these...
Before you go close icon

Daily fantasy sport companies DraftKings and FanDuel are at the final yard lines for a merger, Bloomberg reported Monday.

DraftKings cofounder Jason Robins will reportedly take over as CEO and FanDuel cofounder Nigel Eccles will serve as chairman of the board, Bloomberg reported citing anonymous sources familiar with the matter.

The merger has been speculated for months and championed by investors given the company's similar business strategies and regulatory issues.

Just last week, the companies reached a settlement over lawsuits in New York that alleged their advertisements intentionally misled consumers. Each company had to pay $6 million in penalties and costs.

ESPN reported that the deal could be imminent. But final details have yet to be hashed out, including what the name of the company will be, what the exact leadership structure is and where the company's headquarters will be located.

As part of the merger, the companies reportedly will look to raise more venture capital.

There's also a question of whether the deal could go through given the companies' dominating share of the market. If combined, DraftKing and FanDuel would reportedly control more than 90 percent of the daily fantasy market.

Follow us on Facebook, Instagram and Twitter.

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
12 Facts That Will Make You Smarter Than Your Friends 12 Facts That Will Make You Smarter Than Your Friends