DraftKings & FanDuel Are Officially Merging

Well, it's finally happening. On Friday The two fantasy sports companies, DraftKings and FanDuel, announced they've officially merged. Per recode.net...

quote:

---

-As we reported earlier this month, DraftKings CEO Jason Robins will be CEO of the new joint entity. FanDuel CEO Nigel Eccles will serve as chairman.

-This is a straight 50/50 merger, which means both companies will be allotted three board seats. A seventh, independent board member will also be appointed. The DraftKings and FanDuel CEOs will round out the nine-person board.

-The new joint entity does not have a name yet, and both sites will continue to operate as usual. The new company will be “co-headquartered” in both New York and Boston. (Robins lives in Boston right now, so we assume that is the actual headquarters.)

---

This does not effect my life in any way. Does it effect yours?

Sincerely,
Larry Leo