Paddy Power Betfair in talks to buy Fanduel

Betting on basketball and other hugely popular sports has been illegal in most American states

Betting on basketball and other hugely popular sports has been illegal in most American states

Legal Sports Report said the ruling may have triggered an escalation in talks between Paddy Power Betfair and FanDuel, given the opportunities this now presents to the DFS brand. They now have a GBX 7,500 ($101.74) target price on the stock.

In early morning trading, Paddy Power shares gained 0.8% at 7,825p. Eight research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Finally, Numis Securities restated a "hold" rating and set a GBX 8,320 ($112.86) price objective on shares of Paddy Power Betfair in a research report on Wednesday, March 14th. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($91.67) and a 12-month high of GBX 8,967 ($125.06).

Pokemon Switch To Be Revealed This Month, Will Launch In 2018
So much so that long-time developer Game Freak has taken notice and is looking at ways to improve on it. If you're a fan of video games, check out Transition, Gadgets 360's gaming podcast.

'Click it or ticket' seatbelt enforcement starts today
During the campaign, officials say law enforcement will adopt a "zero-tolerance approach toward violators". To help keep drivers and passengers safe, Crawford County is reminding motorists to Click It or Ticket .

Ex-Chelsea player backs Liverpool to win Champions League
Viewers in Ireland will be able to watch the Champions League final on RTE - but not for much longer. BT Sport has announced the Liverpool vs Real Madrid Champions League Final will be a free-for-all.

Paddy Power Betfair plc (LON:PPB) noted today the media speculation, and confirmed that it is in discussions, regarding a potential combination of the Group's U.S. business and FanDuel to create a combined business to target the prospective USA sports betting market. The company operates through Online, Australia, Retail, and USA segments.

He added: "FanDuel rival Draft Kings has already said it will enter the sports betting market and there is some sense that local incumbents may be able to gain significant market share before UK/European operators get a chance to mobilise their forces".

Recommended News

  • Karnataka elections: Will Rahul Gandhi's bet on Bengaluru pay off?

    Karnataka elections: Will Rahul Gandhi's bet on Bengaluru pay off?

    All ministers in the Modi cabinet will visit different states and will hold press conferences to disseminate the Centre's achievements.
    Tenacious D Tease New Album, Reveal More 2018 Tour Dates

    Tenacious D Tease New Album, Reveal More 2018 Tour Dates

    Jack Black made mention earlier this month that the sequel to the band's 2006 movie The Pick Of Destiny is due this fall. The trek is slated for late fall, primarily taking place in the eastern and midwestern section of the U.S.
    Ireland summons Israeli ambassador over Gaza deaths

    Ireland summons Israeli ambassador over Gaza deaths

    The Palestinians supported us, the formerly oppressed people of South Africa, during our struggle against oppression. Mr Coveney summoned the Israeli ambassador to Iveagh House yesterday to express "outrage and dismay" at the events.
  • What Analysts Suggest About Sears Hldgs Corp (SHLD)?

    What Analysts Suggest About Sears Hldgs Corp (SHLD)?

    It has underperformed by 85.04% the S&P500.The move comes after 6 months negative chart setup for the $384.87 million company. One can easily calculate and measure stock using moving average charts, diagrams and commanding visual trend-spotting tool.
    NCLT approves Tata Steel's bid for Bhushan Steel

    NCLT approves Tata Steel's bid for Bhushan Steel

    Acquisition of BSL will be a key element in Tata Steel's domestic growth strategy under new Tata Sons chairman N Chandrasekaran. The employees had contended that Tata Steel was not eligible under section 29 (A) of the Insolvency and Bankruptcy Code (IBC).

    GameStop (GME) Bonds Trading 0.8% Lower

    The shares recently went down by -2.46% or -$0.32 and now trades at $12.71. 25,706 are owned by Liberty Mutual Gp Asset Mgmt Inc. Jane Street Group Incorporated Ltd Liability Co invested in 83,334 shares or 0% of the stock. (NYSE: GME ) is 2.968783.
  • Will Meghan Markle's father not be a part of the royal wedding?

    Will Meghan Markle's father not be a part of the royal wedding?

    According to In Touch Weekly, Thomas wrote a letter to Prince Harry in April saying it's "not too late" to call off the wedding. In the early days when Meghan would come to stay at the palace, she was met by guards who would take her bags.
    Holy Month Of Ramadan Begins Today

    Holy Month Of Ramadan Begins Today

    That's why, if your co-worker says, "Starting tomorrow , can I start work early so I can leave sooner?" try to accommodate . The barriers to interfaith understanding also are high in Oklahoma, simply because of the state's demographics.

    Mallinckrodt (MNK) Issueds New 52-Week High and Low at $12.13

    The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Nine analysts have made estimates for Mallinckrodt's earnings, with estimates ranging from $545.60 million to $589.00 million.
  • Backlash at 'powerlessness' president in wake of Paris knife attack — MACRON SAVAGED

    Backlash at 'powerlessness' president in wake of Paris knife attack — MACRON SAVAGED

    It was the latest in a succession of attacks in France since January 2015 in which more than 240 people have died. Its military interventions overseas have exposed it to attack by Islamist militants at home.
    Metro Exodus Has Been Postponed Until Q1 2019

    Metro Exodus Has Been Postponed Until Q1 2019

    Both games were not announced with any release dates or even a release window, and this will unfortunately continue to be the case for a while.
    Mourinho not replacing Faria is a gamble: Phelan

    Mourinho not replacing Faria is a gamble: Phelan

    The club will reportedly announce their agreement with Juventus and Sandro after the FA Cup final on Saturday. Huge players, bigger than me, and the club has moved on and still been successful.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.