“Our intention has always been to increase our stake in the business and I’m delighted to be able to do so earlier than originally planned and at a discount to its closest peer. Our number one position in the crucial US market is built on many of the assets we acquired through that transaction, supported by the broader group’s capabilities. Speaking earlier this month on the transaction, Peter Jackson, Flutter’s chief executive, commented: “Flutter’s initial acquisition of a controlling stake in FanDuel in 2018 has been transformational for the shape of the group. The news comes after the company announced a $4.175bn (£3.131bn) conditional agreement to acquire the 37.2 per cent interest in the group that was previously owned by KKR-led consortium Fastball Holdings. Flutter Entertainment has increased its stake in US fantasy sports company FanDuel to 95 per cent as it confirms the accelerated acquisition of outstanding units from Fastball Holdings.
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