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    FLTR   IE00BWT6H894

FLUTTER ENTERTAINMENT PLC

(FLTR)
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Flutter Entertainment Says Fox Filing Over Disputed FanDuel Stake Is Without Merit

04/07/2021 | 01:57am EDT

By Adria Calatayud

Flutter Entertainment PLC said Wednesday that Fox Corp.'s filing of an arbitration process over a disputed stake in U.S. sports-betting business FanDuel is without merit.

Fox on Tuesday said it had filed a suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group for the same price that Flutter paid for that interest in December 2020.

Flutter said it will vigorously defend its position in the arbitration.

Fox's position that it has a right to acquire an 18.6% interest in FanDuel based on a $11.2 billion valuation being incorrect, Flutter said.

The FTSE 100 gambling group said an arbitration mechanism was put in place at the time of its merger with the Stars Group to be conducted in the event of a disagreement between Flutter and Fox relating to an option to acquire an 18.6% stake in FanDuel.

Fox and Dow Jones Newswires parent News Corp. share common ownership.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

04-07-21 0357ET

Stocks mentioned in the article
ChangeLast1st jan.
FLUTTER ENTERTAINMENT PLC -3.68% 170.2 Real-time Quote.5.87%
FOX CORPORATION 0.19% 37.79 Delayed Quote.29.40%
FTSE 100 -2.01% 6860.47 Delayed Quote.8.35%
NEWS CORPORATION -1.53% 26.34 Delayed Quote.48.80%
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04/12MARKET CHATTER : Flutter's FanDuel Faces Advertising Ban from FoxSports Amid Leg..
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More news
Financials
Sales 2021 6 275 M 7 564 M 7 564 M
Net income 2021 46,3 M 55,8 M 55,8 M
Net Debt 2021 2 796 M 3 370 M 3 370 M
P/E ratio 2021 850x
Yield 2021 0,33%
Capitalization 30 956 M 37 238 M 37 315 M
EV / Sales 2021 5,38x
EV / Sales 2022 4,69x
Nbr of Employees 14 802
Free-Float 98,7%
Chart FLUTTER ENTERTAINMENT PLC
Duration : Period :
Flutter Entertainment plc Technical Analysis Chart | MarketScreener
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Technical analysis trends FLUTTER ENTERTAINMENT PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 171,72 €
Last Close Price 176,70 €
Spread / Highest target -2,82%
Spread / Average Target -2,82%
Spread / Lowest Target -2,82%
EPS Revisions
Managers and Directors
NameTitle
Jeremy Peter Jackson Chief Executive Officer & Director
Jonathan Stanley Hill Chief Financial Officer & Director
Gary W. McGann Non-Executive Chairman
Zillah Ellen Byng-Thorne Independent Non-Executive Director
Peter Stephen Rigby Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FLUTTER ENTERTAINMENT PLC5.87%37 238
GALAXY ENTERTAINMENT GROUP LIMITED15.93%38 631
SANDS CHINA LTD.8.52%37 809
EVOLUTION GAMING GROUP AB68.85%35 460
DRAFTKINGS INC.21.74%23 059
CAESARS ENTERTAINMENT, INC.19.50%19 533