Thursday, December 1, 2022

Tag: merger

Z Capital to merge Affinity and Sports Info into $1.3bn entity

Z Capital Affinity Gaming Sports Information Group merger
ZCapital Group has agreed to merge two of its portfolio companies, Affinity Gaming and Sports Information Group, into a new single entity, Affinity Interactive worth up to $1.3bn.

Tatts Tabcorp merger blocked again, with appeal from competition authority

BB155-Betting2-Tatts Tabcorp
Australia’s competition authority has withdrawn its injunction against the Tatts Tabcorp merger, to focus on the “main game” of appealing the deal - as Packer’s Crown-Bet prepares to poach Tatts if all falls through.   The merger was approved last month via a less vigilant competition tribunal - yet the snubbed Australian Competition and Consumer Commission has come outfighting for its...

DFS titans call time on ambitious merger bid

BBi - DraftKings FanDuel DFS merger
The two giants of daily fantasy sports, FanDuel and DraftKings, retreat from their proposed merger amidst enduring opposition from competition watchdogs and escalating legal costs.   Daily fantasy sports duopolies, DraftKings and FanDuel, have ceded their plans to merge after unwavering opposition from US competition authorities. The deal, which would have seen one entity corner more than 90 percent of the burgeoning...