Flutter considers £150m Oddschecker sale - report
Flutter Entertainment is considering a potential £150m sale of Oddschecker, its odds comparison platform, after one of the company's rivals withdrew its data, according to a report.
The owner of Paddy Power and Betfair has hired investment bankers to work on a possible disposal of Oddschecker, which has had several owners since it was founded in 1999, Sky News reported.
Oddchecker lets gamblers compare prices from different bookmaking brands including Betfred, 888 and Bet365. Entain, which owns Ladbrokes, withdrew from the platform after it was bought by Flutter and this played a part in Flutter's move to sell the business, Sky said. Flutter bought Oddschecker when it acquired Stars Group in 2020.
Flutter's chief executive, Peter Jackson, is concentrating on expanding the group's core operations. The FTSE 100 group is preparing a partial flotation of its FanDuel US arm, which is the subject of a legal dispute with Rupert Murdoch's Fox Corp.
Shares of Flutter rose 1.9% to £15.60.5p at 14:30 BST.