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ALEXIS CHRISTOFOROUS: And now I'd like to bring in Yahoo

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Finance's Dan Roberts, who has the latest on the merger

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between the two biggest names in fantasy sports,

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and of course we're talking Kraft--

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uh, DraftKings and FanDuel.

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So Dan, what are the details behind this deal?

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DAN ROBERTS: Yeah, well, I think it's worth mentioning, Alexis,

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that this merger has been expected for months-- arguably,

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you could say almost a year.

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These companies were spending so much money competing with each

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other, when really they have very similar products, and now,

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after months of legal scrutiny and spending

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a lot on legal costs, it makes more sense for them to combine.

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That's if it goes through.

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The interesting details that have finally come out today,

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when it was finally announced and made official,

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are that the DraftKings CEO Jason Robins will be the CEO

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of the combined company, and that's really

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compelling because FanDuel actually predated

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DraftKings by four years.

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So I think it's sort of like we're seeing that Nigel Eccles,

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who's the CEO of FanDuel, had to take a little

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bit of a backseat here.

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He'll be chairman of the board.

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Now, all of this is contingent on whether the companies are

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allowed to merge, and as you said,

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they are the dominant players in daily fantasy sports.

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Combined, they own something like 96%