FanDuel, the fantasy sports site that allows users to win real money, has been acquired by UK and Ireland-based Paddy Power Betfair. The terms of the transaction were not disclosed but publicly-traded Paddy Power Betfair will be merging its US operations with FanDuel, injecting some cash to service FanDuel’s existing debt load, and will have operational control with the option to wholly own the company after five years.

Read the full story – FanDuel Acquired by Paddy Power Betfair