(Reuters) — After tussling for years to win customers, the two biggest U.S. companies in fantasy sports, DraftKings and FanDuel, said on Friday they are teaming up in a merger that will cut down on legal bills and advertising spending.
Financial terms of the deal were not disclosed. In earlier funding rounds before regulators such as New York’s Attorney General Eric Schneiderman cracked down on the industry, the companies had each been valued at over $1 billion.
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