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What will be the next significant legal action related to FanDuel's 2018 merger by end of 2024?
2
Resolution / Starting Odds
New lawsuit filed • 25%
Settlement reached • 25%
Countersuit filed • 25%
No significant action • 25%
Publicly available court documents, press releases, or credible news sources
Story
FanDuel Founders Sue KKR and Shamrock Over 2018 Merger, $37 Billion Valuation
Aug 16, 2024, 04:34 PM
FanDuel founders and early shareholders have filed a lawsuit against private equity firms KKR and Shamrock Capital, alleging fraud in connection with the 2018 merger with Paddy Power Betfair. The merger, which led to the formation of a company now valued at $37 billion, reportedly wiped out the value of the holdings of FanDuel's early stakeholders. The plaintiffs, who were common shareholders, claim they received no compensation from the deal, despite the significant increase in the company's valuation post-merger.
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No action taken • 25%
Formal investigation launched • 25%
Settlement reached • 25%
Other outcome • 25%
No action taken • 25%
Fines imposed • 25%
Operational changes required • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Ruling in favor of DraftKings • 33%
Ruling against DraftKings • 33%
Settlement reached • 34%
DraftKings • 25%
FanDuel • 25%
Both equally • 25%
Neither • 25%
DraftKings loses market share • 25%
FanDuel loses market share • 25%
Both lose market share • 25%
Neither loses market share • 25%
Marketing Strategy • 25%
Content Quality • 25%
Brand Recognition • 25%
Partnerships • 25%