Shares in Paddy Power owner Flutter surge on €10bn mega deal
Shares in Paddy Power owner Flutter Entertainment surged as much as 18% on it announcing an estimated €10bn mega deal which is set to make it the largest online betting and gaming business in the world.
Flutter has agreed to buy Canadian online gaming business Stars Group in an all-share deal, which - dependent on shareholder agreement and regulatory approval in Ireland, the UK, Australia, the US and Canada - is expected to finally complete by the third quarter of next year.
