Sports betting giant DraftKings going public through $3.3B merger

Sports betting giant DraftKings going public through $3.3B merger

Online gambling company DraftKings Inc. said Monday it will become a listed company via an acquisition by blank-check company Diamond Eagle Acquisition Corp. and SBTech, a provider of gaming technologies. The deal is expected to close in the first half of 2020. DraftKings said the combined company will be valued at $3.3 billion, and it will have $500 million on hand once the deal is complete.

Chris
Chris
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