M&A - BOYD GAMING CORP

Form Type: 8-K

Filing Date: 2025-07-15

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525159374

Filing Summary: On July 10, 2025, Boyd Interactive Gaming Holdings, L.L.C., a subsidiary of Boyd Gaming Corporation, entered into a Purchase Agreement with TSE Holdings Ltd. and FanDuel Group Parent, LLC. Under this agreement, Parent will acquire Boyd Interactive's 5% equity interest in FanDuel for $1.755 billion, contingent upon regulatory approvals and closing conditions. The deal includes the establishment of new Commercial Arrangements which will modify existing agreements with FanDuel, granting Boyd greater operational control of online sports wagering services, and setting a longer-term fixed fee structure. The transaction is scheduled to close by July 18, 2025, with a possibility of extending to December 19, 2025, if necessary.