ARTICLE · 15 JUNE 2016

Boston Globe Interviews KMT's David Klein Regarding Reported DraftKings-FanDuel Merger Talks

Klein Moynihan Turco LLP

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DraftKings Inc., among Boston's most vaunted and valuable tech startups, is reportedly in talks with rival FanDuel Inc. about a merger that would create a single dominant player in the multibillion-dollar daily fantasy sports business.

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DraftKings Inc., among Boston's most vaunted and valuable tech startups, is reportedly in talks with rival FanDuel Inc. about a merger that would create a single dominant player in the multibillion-dollar daily fantasy sports business.

The pressure to combine comes primarily from the investors behind DraftKings and FanDuel, who argue the two privately-held companies offer nearly identical contests and face similar legal and regulatory challenges, Bloomberg and Reuters news services reported Monday, citing anonymous sources.

No deal has yet been agreed to by the companies, Bloomberg reported, adding that talks could still fall apart.

The companies said they would not comment on speculation.

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