The UK-based operator has recruited NY investment bank Moelis & Company to advise on a potential sale
Flutter weighing sale of comparison site Oddschecker
Flutter is currently reviewing its structure. It is reportedly considering a separate US listing for its US sports betting brand FanDuel.
2021-04-19
Reading time 31 seg
The move comes as Flutter also prepares for a partial New York float of US-arm FanDuel.
Flutter Entertainment, which obtained Oddschecker in its $11bn acquisition of The Stars Group (TSG) last year, is said to be reviewing the options of selling Oddschecker to focus on its core betting and gaming business, as reported by Sky News.
The company has hired investment bank Moelis & Co to advise on the sale of Oddschecker, a betting odds comparison site. Citing Sky's "City sources” could sell for about GBP 150 million.
The move comes as Flutter also prepares for a partial New York float of US-arm FanDuel which has led to a dispute with Rupert Murdoch's Fox Corp over the price of Fox's option to buy FanDuel shares.
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