Flutter Entertainment plc / Boyd's 5% equity interest in FanDuel Group
Completed · As at · Announced
Transaction
- Buyer
- Flutter Entertainment plc
- Target
- Boyd's 5% equity interest in FanDuel Group
- Stake
- 5% · Flutter Entertainment plc
- Consideration
- $1.553bn for 5% stake + $205m commercial termination payments · Flutter Entertainment plc
Package includes commercial-agreement changes; total cash divided by 5% would misstate implied equity valuation. · Flutter Entertainment plc, Flutter Entertainment plc
Flutter's resulting 100% ownership is subject to the FOX option. · Flutter Entertainment plc, Flutter Entertainment plc
The later annual filing allocates the $1.758bn package to $1.553bn for the 5% stake and $205m to terminate existing market-access and retail agreements. Only the stake component is used as numeric stake consideration. · Flutter Entertainment plc
Timeline
- · Completed · Flutter Entertainment plc
- · Announced · Flutter Entertainment plc
Sources
- Flutter Entertainment plc: Flutter agreement with Boyd for FanDuel stake ·
- Flutter Entertainment plc: Boyd completes sale of FanDuel interest ·
- Flutter Entertainment plc: Flutter FY2025 Form 10-K: Boyd/FanDuel consideration
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