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  5. Flutter Entertainment Acquires Betfair

M&A Deal Summary

Flutter Entertainment Acquires Betfair

On February 1, 2016, Flutter Entertainment acquired gaming company Betfair

Acquisition Highlights
  • This is Flutter Entertainment’s 2nd transaction in the Gaming sector.
  • This is Flutter Entertainment’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-02-01
Target Betfair
Sector Gaming
Buyer(s) Flutter Entertainment
Deal Type Merger

Target

Betfair

London, United Kingdom
Betfair Ltd. is an online betting and gaming operator. Betfair betting exchange seeks to build its content offering to customers and develop its portfolio of business and investment interests.

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Buyer(S) 1

Buyer

Flutter Entertainment

New York, New York, United States
Category Company
Founded 1958
Sector Gaming
Employees23,053
Revenue 14.0B USD (2024)
DESCRIPTION

Flutter Entertainment is a betting and gaming company. Flutter Entertainment was founded in 1958 and is based in New York, New York.

DEAL STATS #
Overall 2 of 7
Sector: Gaming M&A 2 of 4
Type: Merger M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Paddy Power

Dublin, Ireland

Paddy Power PLC is an online betting and gaming services in Ireland and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 StarStreet

New York, New York, United States

DRAFT is mobile-led, has a differentiated product and a strong management team. The business will continue to be run by Co-CEOs Jeremy Levine and Jordan Fliegel and will now have access to the Group's marketing and technology capabilities.

Buy $19M
Mergr

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