Flutter Entertainment PLC (LSE:FLTR)
£ 159.9 1.35 (0.85%) Market Cap: 28.39 Bil Enterprise Value: 31.56 Bil PE Ratio: 0 PB Ratio: 3.57 GF Score: 86/100
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Flutter Entertainment PLC to Acquire Interest in Fanduel Investor Conference Call Transcript

Dec 03, 2020 / 02:00PM GMT
Release Date Price: £143 (+7.00%)
Jeremy Peter Jackson
Flutter Entertainment plc - CEO & Director

Thank you all for joining us at short notice today. I'm Peter Jackson, the CEO of Flutter. And joining me this afternoon is Jonathan, our Group CFO.

I'm delighted to be in a position to announce today that we've reached a deal with Fastball, the 37.2% shareholding in FanDuel to accelerate our buyout of their stake in the business. You will hopefully have seen the transaction presentation that we published on our Investor Relations website this afternoon.

I'm going to spend the next few minutes just going through the first few slides of that presentation, which cover the headline details of the proposed transaction; our rationale for the accelerated buyout; and why we believe this is an excellent deal for Flutter shareholders. If we have time thereafter, we'll open the line up for some brief Q&A. As you can appreciate, it's quite a busy day for us, so we only have 30 minutes this afternoon. If we don't get to everyone's questions, our IR team will be on hand to answer any follow-up questions you may have.

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