News

DraftKings Listing Approved by Blank-Check Firm Shareholders

Apr 23, 2020 | Bloomberg

(Bloomberg) — DraftKings Inc., the fantasy sports and betting site, has won approval from shareholders of a so-called blank-check company allowing it to go public through a reverse merger. Shareholders of Diamond Eagle Acquisition Corp., a publicly traded special purpose acquisition company set up by Hollywood executive turned serial dealmaker Jeff Sagansky, approved the acquisition … Continued

DraftKings goes public without many live sports to bet on

Apr 23, 2020 | CNN Business

New York CNN Business — There are no baseball, basketball or hockey games being played right now. Football, if the season starts on time, won’t be ready to kick off until late August for college and September for the pros. But DraftKings (DKNG), a company that runs fantasy sports games and lets people make legal … Continued

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