Online sports-betting operator DraftKings to begin trading on the Nasdaq Friday [MarketWatch]
Diamond Eagle Acquisition Corp. (DEACU)
Company Research
Source: MarketWatch
DraftKings Inc. said late Thursday it had received approval to begin trading on the Nasdaq Global Select Market, after merging with a blank check company, Diamond Eagle Acquisition Corp. and a gambling tech business, SBTech Global Ltd. DraftKings will begin trading Friday under the ticker DKNG. The company is expected to have a market value of $3.3 billion, according to The Wall Street Journal. The company will be led by DraftKings co-founder and Chief Executive Jason Robins and retain the DraftKings executive group, including its co-founders Paul Liberman and Matt Kalish. Diamond Eagle is backed by former movie studio executive Harry Sloan. The company will have a conference call about the transaction's close Friday at 8:00 a.m. Eastern time.
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