Paddy Power Betfair in talks to buy Fanduel

Kevin C. Cox  Getty Images

Should the acquisition take place, Paddy Power Betfair would gain access to a database of millions of DFS players, thus expanding its network of customers from both the TVG and Draft DFS platforms.

PPB has been the topic of a number of other research reports. Peel Hunt's target price would suggest a potential downside of 3.35% from the company's previous close. They now have a GBX 7,500 ($101.74) target price on the stock. JPMorgan Chase increased their target price on Paddy Power Betfair from GBX 8,420 ($114.22) to GBX 8,690 ($117.88) and gave the company a "neutral" rating in a report on Friday, January 12th. Deutsche Bank reissued a "buy" rating on shares of Paddy Power Betfair in a report on Friday, March 9th. Finally, Numis Securities restated a "hold" rating and set a GBX 8,320 ($112.86) price objective on shares of Paddy Power Betfair in a research report on Wednesday, March 14th. The stock has an average rating of "Hold" and an average price target of GBX 7,852.50 ($109.52). The company had a trading volume of 190,240 shares, compared to its average volume of 192,747. Paddy Power Betfair has a 12-month low of GBX 6,572.50 ($91.67) and a 12-month high of GBX 8,967 ($125.06).

Tempers flare between Celtics-Cavaliers after dirty JR Smith foul
If the Cavaliers' are looking for a scapegoat after burying themselves against the Celtics, they have an easy option in J.R. We know he can make shots, but just communication defensive-wise."Smith explained: "We were slow on our coverages".

Speaking up for mental health awareness
Even if you do not suffer from mental illness, there are ways you can help others overcome the negative connotation. Everyone in the world has mental health, yet the fear of judgement prevents so many of us from talking about it.

Scott Wagner Projected Winner of GOP Nod for PA Governor
Despite the attack ads circulating throughout the primary, 67% of voters said they are happy with the choices for Governor. Scott Wagner won a three-way battle in Tuesday's primary to secure the Republican nomination for Pennsylvania governor.

According to a report from the British Broadcasting Corporation (BBC), Dublin-headquartered Paddy Power Betfair entered the American daily fantasy sports market previous year following its $48 million purchase of PlayDraft.com and stated earlier today that it is now considering a move for FanDuel Incorporated in order "to create a combined business to target the prospective United States sportsbetting market".

They closed up a further 6% on Wednesday at £82.15 as markets digested the potential for the company to add FanDuel to its existing U.S. operation. Company officials hope to be licensed and offering online casino games and sports betting by 2019.

Related News:



Most liked

Police officer confronts armed man at IL high school; no students injured
Howell says the former student fired several shots near the school gymnasium and ran away when the officer confronted him. All Dixon schools are on lockdown while the investigation proceeds; a news conference will be held later today.

Solo A Star Wars Story premieres at Cannes 2018
But he is ultimately sent down the path that will take him back to Qi'ra and into the lives of new friends along the way. The movie has also been rumored to have major problems, with industry insiders even stating it's not any good.

Five confirmed dead as severe thunderstorms batter Northeast
Falling trees also killed two people in CT in separate incidents, as well as a person in Pennsylvania, local media reported. But more rain is expected to fall in the comings days into already saturated soils and cause more flooding.

Pokemon Switch To Be Revealed This Month, Will Launch In 2018
Considering the abundance of rumours around a new Pokemon game for the Nintendo Switch , this could very well point to it. Currently, on Android alone, the game has been downloaded for more than 100 million times.

Yates wins stage to extend Giro lead
The Brit completed the race in 3:25:53, out sprinting Team Sunweb's Tom Dumoulin (Netherlands) to the line. I m not very good in a sprint from a slow speed so I launched and I increased my speed as much as I could.

East Coast railway line through Stevenage brought back under public control
He said: "Every announcement is a smokescreen to divert attention from the failings of the Transport Secretary's policy". He told MPs the firms have paid a "high financial and reputational price" in relation to the East Coast route.

What Pope Francis said about Gaza killings, violence in middle
Pope Francis on Wednesday called for the end of the wave of violence in the Holy Land and appealed for the opening of talks. Calling for " dialogue, justice and peace , ' Francis says violence 'has never led to peace".

Parents of Parkland school shooting victims to run for school board
Alhadeff, 43, whose daughter Alyssa was killed, is expected to run for the District 4 seat, which Abby Freedman, 51, now occupies. President Donald Trump also called Peterson a coward.

7 malicious apps reappear on Google Play Store
The company further mentions 38 more apps which divert the traffic to various dodgy websites instead of functioning as advertised. With more than ten million Australians using Android phones , they could be paying $580 million in unnecessary fees every year.

Volvo to move away from diesel with new S60
Instead, Volvo will launch the next-generation S60 with four-cylinder engines and two plug-in hybrid powertrains. Last summer Volvo announced a commitment to launching every new vehicle with some form of electrification.

IEA cuts oil demand forecast
Refined oil product exports soared 46 percent on the year in April, but eased from the all-time high in March. Another possible risk to the global oil supply could come from crisis-hit Venezuela, the IEA said.

New Mission Impossible: Fallout Trailer Delivers Insane Stunts
The 55-year-old Tom Cruise barely looks 45 and he's performing stunts that amp up the death-defying factor with each film. Anyway, the sixth film is called Mission: Impossible - Fallout , and it'll be in cinemas in about two months.

Stan Lee levies one billion dollar lawsuit against POW! Entertainment
In addition to the $1 billion, Lee is asking for an order to get the rights to his name back. Entertainment, the company he co-founded in 2001 for one billion dollars.

GOP Gubernatorial Candidate Unveils 'Deportation Bus Tour'
Nathan Deal, who is completing his second term in office. "If you want a politically incorrect conservative, that's me". As anti-immigrant sentiments run high, Williams' deportation bus seems like a ploy to bolster his chances.

18 dead, many feared trapped in Varanasi flyover collapse
Varanasi District Magistrate Yogeshwar Ram Mishra said their prime focus for now was on rescue and relief. The incident occurred post-noon, officials said adding rescue teams were rushed to the spot.