[ad_1]
A sports betting shop Don’t worry It was revealed on Monday that a New York referee joined him in his spat with FanDuel Fox.
Flutter announced that Fox has secured the right to buy an 18.6% stake in FanDuel, ending a more than a year-long legal battle between the two.
However, the price Fox is offering for the stake will be based on a valuation of $20.0bn, according to a New York arbitration ruling, not the $11.2bn value it was fighting for.
If Fox chooses to exercise its option, it would be forced to pay no less than $3.72 billion. It also stated that the price movement is below 5% of the annual compounding that carries the change in value until the date of Fox’s operations before December 2030.
Flutter CEO Peter Jackson said: “Today’s decision validates our confidence in our position on this matter and the certainty of value for Fox to acquire this business, if they want to do so.”
Iain Gilbert comments at Sharecast.com
[ad_2]
Source link
