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Sports betting company Flutter considers spinning out FanDuel to boost value



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The DraftKings app and FanDuel websiteAndrew Harrer | Bloomberg | Getty ImagesFlutter, the U.K.-based mobile gaming company that owns 95% of FanDuel, is considering spinning out FanDuel as a separately traded company to trade on a U.S. exchange, according to people familiar with the matter.A separation of FanDuel isn’t assured or imminent, said the people, who asked not to be named because the discussions are private. FanDuel is Flutter’s crown jewel, which may spur Flutter CEO Peter Jackson to keep it.Fox Sports, which owns 2.5% of Flutter, has an option to buy an additional 18.5% stake in FanDuel in July. …

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