Skip to content
Subscriber Only

DraftKings to Go Public in April Despite Lack of Pro Sports

DraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases

Photographer: Andrew Harrer/Bloomberg

DraftKings Inc., the sports-betting site stuck issuing credits as events get canceled worldwide, is driving ahead with plans to go public in April through a reverse merger.

The Boston-based gaming and fantasy sports company agreed in December to a three-way deal valuing it at $3.3 billion with gaming technology provider SBTech and Diamond Eagle Acquisition Corp., a publicly traded special purpose acquisition company.