DraftKings and FanDuel aren’t merging after all


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It’s game on between the two biggest players in daily fantasy.

DraftKings and FanDuel have called off their proposed merger after regulators tried to block it in court.

The deal was seen as a way for the embattled daily fantasy companies to dig out of the financial hole left from an expensive marketing rivalry and months of legal fights over their controversial business model.

But the Federal Trade Commission and attorneys general of California and the District of Columbia each filed suit to block the merger last month on antitrust grounds. Read more…

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