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Daily Fantasy Sports Firms Said to Unite Under Draftkings CEO

Nov. 1, 2016, 4:00 AM

The two biggest daily fantasy sports companies are close to joining forces under the leadership of DraftKings co-founder Jason Robins, according to people familiar with the merger talks.

Robins is expected to serve as chief executive officer of the combined firm, as yet unnamed. Nigel Eccles, FanDuel’s co-founder, will be chairman of the board, which will draw members evenly from both companies.

Investors have been encouraging a tie-up for months, as Bloomberg News reported in June. With nearly identical games— players assemble fantasy teams of real-life athletes and win (or lose) based on their on-field performance—the two companies have spent millions ...