Fuhgetddaboudit: The proposed merger between DraftKings and FanDuel is off.
In a brief joint statement, DraftKings CEO Jason Robins and Fanduel CEO Nigel Eccles said the government's opposition forced them to scrap the deal.
"We are disappointed by this decision and continue to believe that a merger is in the best interests of our players, our companies, our employees and the fantasy sports industry," the statement read. "We are considering all our options at this time."
The decision comes nearly a month after the FTC, along with the attorney general offices in California and the District of Columbia filed suit to block the merger. The two companies, which control over 90 percent of the US market, agreed to join forces in November.
It was thought that DraftKings' Robins would become CEO of the newly combined company, while FanDuel's Eccles would serve as chairman.
Not any more.