Investment Firm ValueAct Acquires Stake in Fanduel-parent Flutter Entertainment

Thursday, 16 May 2024, 18:32
Investment firm ValueAct has publicly disclosed its ownership stake in Flutter Entertainment, the parent company of Fanduel. This revelation comes in the wake of Flutter's recent listing on the New York Stock Exchange and hints at potential strategic moves as it prepares for its primary listing shift to the U.S. on May 31. The disclosure of this significant investment moves highlights the increasing interest of prominent financial players in the rapidly evolving gambling and entertainment market.
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Investment Firm ValueAct Acquires Stake in Fanduel-parent Flutter Entertainment

Investment Firm ValueAct Discloses Stake in Fanduel-parent Flutter Entertainment

The filing comes after Flutter listed its shares on the New York Stock Exchange in January, and ahead of a move in its primary listing to the U.S. on May 31.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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