Paddy Power Betfair plc (PDYPF)
- Motley Fool
Will a FanDuel and Fox Partnership Be a Sports Betting Powerhouse?
Fox (NASDAQ: FOX)(NASDAQ: FOXA) is arguably best known for its news business, but its sports network has a big following, too. Fox's recent sports history is a bit messy and convoluted, but it's important to understand what's at stake. Following Fox's media assets sale to Disney in 2019, as a condition of the acquisition, Disney sold the Fox regional sports networks (RSNs) it acquired to Sinclair Broadcast Group.
- Motley Fool
FanDuel Sports Betting Partnership Gives Fox 34% Upside, Analyst Says
Because of the potential for expanded cooperation between FanDuel parent Flutter Entertainment (OTC: PDYPF) and Fox (NASDAQ: FOX)(NASDAQ: FOXA), the news and sports broadcaster, one analyst believes the latter's stock possesses as much as 34% upside. Wells Fargo analyst Steven Cahall recently upgraded Fox from equal weight to overweight, which is the equivalent of a buy recommendation, and set a price target of $47 per share. In a research note to investors, Cahall said there are two catalysts to Fox's stock appreciating 34% over the next few years.
- Yahoo Finance UK
Smarkets targets US sports betting market after SIG cash injection
Susquehanna Growth Equity, an investment fund affiliated with SIG, has made a significant minority investment in Smarkets, Yahoo Finance UK can reveal.
