Deals
DraftKings Goes Public in $3.3 Billion Deal With Diamond
- Sports betting firm agrees to be bought by Sloan’s SPAC
- Deal also includes gambling technology provider SBTech
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DraftKings Inc. is going public in a three-way deal with gaming technology provider SBTech and an acquisition fund founded by former Hollywood executive Jeff Sagansky that values the new firm at about $3.3 billion.
Boston-based DraftKings said it agreed to be sold, alongside SBTech, to Diamond Eagle Acquisition Corp., a publicly traded special purpose acquisition company. The combined group will trade under the name DraftKings Inc.