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DraftKings agrees deal to acquire SBTech and list on Nasdaq

23rd December 2019 1:55 pm GMT
DraftKings

Sports betting and fantasy contests operator DraftKings has agreed a three-way deal that will see the company go public and acquire sports betting technology provider SBTech.

DraftKings has entered into a definitive business combination agreement with Nasdaq-listed special purpose acquisition company Diamond Eagle Acquisition Corp and SBTech to create what it describes as the only vertically-integrated pure-play sports betting and online gaming company based in the United States.

The transaction is expected to close in the first [...]

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