Statement re Press Comment

RNS Number : 2363O

Paddy Power Betfair plc

16 May 2018

 

16 May 2018

Paddy Power Betfair plc

Statement regarding press speculation

Paddy Power Betfair plc ("the Group") notes the media speculation, and confirms it is in discussions, regarding a potential combination of the Group's US business and FanDuel to create a combined business to target the prospective US sports betting market. 

Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction.

A further announcement will be made as appropriate.

This announcement contains inside information for the purposes of Article 7 of EU regulation 596/2014.

Contacts:

Paul Rushton, Investor Relations	[phone] / [phone]
James Midmer, Corporate Communications	[phone] / [phone]

 

END

 

 

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