Will a FanDuel and Fox Partnership Be a Sports Betting Powerhouse?
Fox (NASDAQ: FOX)(NASDAQ: FOXA) is arguably best known for its news business, but its sports network has a big following, too. It's seen by many as an equal to Disney's ESPN, if not the leader, particularly as it keeps poaching talent from its rival.
Yet Fox could also become a powerhouse in sports betting soon as it is positioned to acquire a near-20% interest in global sportsbook giant FanDuel, which is owned by Flutter Entertainment (OTC: PDYPF).
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Source Fool.com
