Merger 'temporarily halted'
FanDuel, Draftkings deal held up by judge
A merger between sport fantasy companies DraftKings and FanDuel has been held up by a US federal judge.
The temporary halt follows the aim of the Federal Trade Commission, California and the District of Columbia to stop the merger because the combined company would control more than 90% of the US market for paid daily fantasy sports contests.
FanDuel had no comment on the filing but reiterated its comment from earlier in the week that the companies were considering legal options regarding the FTC complaint.
The companies cut advertising spend significantly last year and said the combined company could again expand spending on advertising and customer acquisition.