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DraftKings Is Said to Be in Talks to Sell to Diamond Eagle

  • Fantasy sports company and SPAC are in exclusive talks
  • DraftKings had previously tried to merge with rival Fanduel
DraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases

Photographer: Andrew Harrer/Bloomberg

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Blank-check company Diamond Eagle Acquisition Corp. is in advanced talks to buy DraftKings Inc., the fantasy sports and gambling company, according to people familiar with the matter.

The special-purpose acquisition company, or SPAC, is in exclusive negotiations with DraftKings, said the people, who asked to not be identified because the matter isn’t public. No transaction has been finalized and talks could fall through, the people said.