Murdoch's Fox seeks arbitration in dispute over Paddy Power firm in US

Flutter merged its US business with FanDuel in 2018 in a deal that valued FanDuel at less than €845m

Rupert Murdoch's Fox said it filed an arbitration claim over the value of its stake in FanDuel, a fast-growing sports-betting business majority-owned by Paddy Power owner Flutter Entertainment. 

Rupert Murdoch's Fox said it filed an arbitration claim over the value of its stake in FanDuel, a fast-growing sports-betting business majority-owned by Paddy Power owner Flutter Entertainment. 

The dispute goes back to a deal the two companies made when Flutter was acquiring the Stars Group in North America in 2019.