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Fantasy sports site FanDuel in talks to go public

Golf balls
FanDuel is a fantasy sports site. Photo: Michael Loccisano / Getty Images

FanDuel is in advanced talks to go public, but not via an IPO.

The plan: Multiple sources tell Axios that the fantasy sports site is likely to participate in a reverse merger with Platinum Eagle Acquisition Corp., a special purpose acquisition company formed earlier this year by veteran media executive Jeff Sagansky.