Fox Corporation May Be Best Bet for Purchasing The Athletic - NewsBreak

The Information recently reported DraftKings (Nasdaq: DKNG) and FanDuel were among the companies that submitted bids to buy The Athletic. The report made sense, since the two sports betting operators have been willing to kick the tires on virtually any relevant asset that has scale and perceived relevance. But industry insiders say talk of their involvement was greatly overblown—neither has been formally involved in the sales process. Peter Jackson, the CEO of FanDuel-parent Flutter Entertainment (LSE: FLTR), seemed to confirm that was the case, saying in a statement, The Athletic "is not something that we are bidding for." DraftKings did not...