19th Apr 2021 06:40
(Alliance News) - Flutter Entertainment PLC has hired investment bank Moelis & Co to advise on the sale of Oddschecker, a betting odds comparison site, Sky News reported Friday afternoon.
Citing "City sources", Sky said the business, which was set up in 1999 and has had several owners, could sell for about GBP150 million.
https://news.sky.com/story/flutter-places-bet-on-sale-of-oddschecker-comparison-platform-12277084
The move comes as Flutter also prepares for a partial New York float of US-arm FanDuel. This has led to a dispute with Rupert Murdoch's Fox Corp over the price of Fox's option to buy FanDuel shares.
Flutter shares closed up 2.4% on Friday in London at 15,685.00 pence. The stock is up 76% over the past 12 months.
By Tom Waite; [email protected]
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