Fox Corp Looks to Increase Investment in FanDuel

Telegraph: Rupert Murdoch is poised to take advantage of the boom in US sports gambling by deepening ties with FanDuel. The media mogul is positioned to increase his stake in the US fantasy sports and betting website by nearly a fifth later this year. Murdoch’s Fox Corp is in line to buy part of the business from owner Flutter Entertainment, the betting giant behind a host of gambling brands.