To receive no cash = will not receive any money
From sale to = as a result of the sale of (FanDuel)
PaddyPower Betfair = to the company Betfair, which itself is owned by PaddyPower
The founders of FanDuel will not receive any money as a result of the sale of FanDuel to the company Betfair, which itself is owned by PaddyPower.