FanDuel Parent Flutter Expands Footprint With Acquisition of Italy's Snaitech
Flutter Entertainment(FLUT) Investopedia·2024-09-17 21:06
Key Takeaways Flutter Entertainment is expanding its international market with the acquisition of Snaitech, one of the largest online gambling companies in Italy. Flutter owns a number of gambling companies in a number of markets, including FanDuel in the U.S. The deal values Snaitech at 2.3 billion euros ($2.56 billion), and is expected to close in the second quarter of next year. FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's large ...