AP

(AP)

Report: FanDuel in Merger Talks with DraftKings

Sports Reuters

 FanDuel Inc has been in talks to merge with DraftKings Inc, a person familiar with the matter said on Monday, in a deal that could combine the two largest U.S. daily fantasy sports companies at time when both face a regulatory crackdown.

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The source said no deal is certain and asked not to be identified because the negotiations are confidential. FanDuel declined to comment, while DraftKings did not immediately respond to a request for comment.

Bloomberg News first reported on the merger talks between FanDuel and DraftKings earlier on Monday.

 

(Reporting by Liana B. Baker in San Francisco; Editing by Alan Crosby)