DraftKings — a fantasy sports and online gambling company — is going public [MarketWatch]
Diamond Eagle Acquisition Corp. (DEACU)
Company Research
Source: MarketWatch
DraftKings — a fantasy sports and online gambling company — is going public 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 new entity will be the only publicly traded pure-play sports betting and online gaming company in the U.S., with the deal expected to close in the first half of 2020, DraftKings said in a statement. See: Legalized sports betting in every state? 2020 will show if its rapid expansion continues Diamond Eagle, a special-purpose acquisition company, will change its name to DraftKings Inc. and reincorporate in Nevada. The company will trade on Nasdaq under a new ticker symbol that was not disclosed. Institutional investors, including funds managed by Capital Research and Management Co., Wellington Management Co. and Franklin Templeton, have committed to investing $304 million in the new company, which is exp
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