Fox Corp increases investment in gambling group Flutter via share placement

DUBLIN (Reuters) - Paddy Power and Betfair's parent Flutter Entertainment announced a share placement on Thursday that will see U.S. media group Fox Corp increase its investment in the group.Flutter said 8 million new shares would be placed with institutional investors via an accelerated book build to be launched immediately, as the Irish betting group looks to go on a deal spree and finance cost savings.The placement comes three weeks after Flutter completed its merger with Stars Group Inc..