Investors in gambling group Flutter entertainment are said to be learning the outcome of a year-long legal battle with Rupert Murdoch’s Fox Corporation on the value of the US sports betting platform FanDuel.

Corresponding Sky newsA New York court will rule on the value at which Fox should be allowed to exercise an option on an 18.6 percent stake in FanDuel.

City sources told Sky that Paddy Power and Betfair owner Flutter are expected to announce the result late Friday…