The proposed merger of daily fantasy sports giants DraftKings and FanDuel was officially pronounced dead on Thursday by the CEOs of both companies.

Early Thursday afternoon, FanDuel CEO Nigel Eccles issued a statement saying he believed it was “in the best interest of our shareholders, customers, employees and partners to terminate the merger agreement and move forward as an independent company.”

DraftKings CEO Jason Robins simultaneously issued a similar statement, saying the merger’s demise would allow his company to “singularly focus on our mission of providing the most innovative, and engaging interactive sports experience imaginable.”

The statements came just two days after Eccles expressed doubts about the merger going forward in the wake of efforts by the Federal Trade Commission (FTC) to block the union due to concerns over decreased competition in the US DFS market.