FanDuel, DraftKings Drop Plans to Merge After FTC Opposition

FanDuel and DraftKings have decided to scrap their merger rather than fight the U.S. government, which had sought to block the combination of the country’s two top daily fantasy sports sites on grounds that it threatened competition and consumers. In a statement, FanDuel CEO Nigel Eccles said the companies believed — even until the end — that the merger would have aided both companies’ growth.