TSE Holdings Ltd. /
FanDuel Group Parent, LLC
TSE Holdings to purchase Boyd Interactive’s FanDuel stake
What happened
TSE Holdings Ltd. agreed to purchase Boyd Interactive Gaming Holdings, L.L.C.’s 5% equity interest in FanDuel Group Parent, LLC. The agreement provides for aggregate cash consideration of $1.755 billion, subject to adjustment.
The transaction is subject to customary conditions and required regulatory approvals. The filing states that Boyd Gaming Corporation and FanDuel will also enter into commercial arrangements.
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TSE Holdings to purchase Boyd Interactive’s FanDuel stake
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