Letter from FanDuel about not merging with DraftKings Dan Leberfeld

Dear FanDuel User,

We have some news to share with you. As you know, we announced last November our intent to merge with DraftKings. We decided to merge because we believed that this deal would have increased investment in growth and product development thereby benefiting consumers and the greater sports entertainment industry.

While our opinion has not changed, we have determined that it is in the best interest of our shareholders, customers, employees, and partners to terminate the merger agreement and move forward as an independent company. There is still enormous, untapped market opportunity for FanDuel, and we will continue to execute our strategy to grow our business and further expand the fantasy sports industry.

We’d like to thank you for your support and continued loyalty over the past several months.

– FanDuel