Paddy Power Betfair Plc is in talks to merge its U.S. unit with closely held website FanDuel as the Irish bookmaker positions itself for expanded sports betting in the U.S. following a Supreme Court ruling this week.
“Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction,” Dublin-based Paddy Power Betfair said in a statement Wednesday. The deal would “create a combined business to target the prospective U.S. sports betting market.”
