DraftKings, FanDuel Can Focus On DFS Legalization Post-Deal
Partner Daniel N. Anziska is quoted in a Law360 story about DraftKings and FanDuel’s decision to drop their proposed merger. The Federal Trade Commission had filed a lawsuit to block the merger because of antitrust concerns. Daniel is quoted saying, "I think, assuming that the market would be defined narrowly, it would be difficult for them to succeed. Once it was made clear that there would be a challenge, there is little upside [to trying to go forward with the deal]. The government has been very successful in recent years. Things like the large market share definitely provided headwinds."