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Rupert Murdoch’s Fox sues Flutter Entertainment over FanDuel stake Fox argues that it should be able to buy its stake for the same amount as Flutter, which disagrees Flutter Entertainment PLC (LON:FLTR), the owner of bookmakers Betfair and Paddy Power, has been sued by Rupert Murdoch’s Fox Corporation (NASDAQ:FOXA) over the ownership of US gaming business FanDuel. Fox filed a lawsuit against the FTSE 100 company overnight to secure an option to buy into FanDuel at the same price Flutter paid back in December rather than the higher price Flutter believes the business is worth today. The Murdochs are looking to snap up an 18.6% stake in FanDuel based on its valuation of US$11.2bn when Flutter acquired its 37.2% stake.

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