DraftKings, Fanduel Finally Merge
If you can't beat 'em, join 'em...especially if the New York Attorney General is trying end your existence altogether. To that point, it makes complete sense as to why the two major daily fantasy sports services -- DraftKings and Fanduel -- locked arms and circled the wagons, ditching their rivalry to pool resources in an effort to save their industry.
Though the merger must still be approved by the Federal Trade Commission, it's expected to pass by late 2017, at which point DraftKings CEO Jason Robins will oversee the new conglomerate.
— DraftKings (@DraftKings) November 18, 2016
In a statement issued Friday morning on DraftKings website, daily fantasy gamers were assured that both platforms would continue operating until the merger is officially complete.
Our consumers are at the core of everything we do and we have always been passionate about providing the best possible experiences for them.
Together, DraftKings and FanDuel can leverage their technology resources to give consumers choices they would not have without the merger. The combined company expects to accelerate innovation to deliver more products and features to consumers and provide more contests, more social connectivity and a better overall user experience.
For the foreseeable future, FanDuel and DraftKings will continue to operate under their respective brand names. Once approved, we envision this merger will create a stronger, more sustainable entity that can focus on growth, product development, delivering enhanced user experiences and creating an overall stronger fantasy sports community.
Now to the important stuff: the name! What do you call a hybrid daily fantasy gaming platform?
What is the best name for a DrafKings and FanDuel combined company? https://t.co/JWO95gHQvl
— SportsGrid (@SportsGrid) November 18, 2016
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