Fantasy sports company and bookmaker DraftKings to become public company

📆 23-12-19 17:56:00
📰 CNBC

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

DraftKings is going public, and it’s forgoing the typical IPO process. Here’s what you need to know about the fantasy sports company’s new 3-way deal.

DraftKings CEO Jason Robins said on CNBC's Squawk Box that the company was looking acquiring SBTech and and then going public, or to go public first and make the acquisition later, but this structure allowed the two to be done in one step.

The merger is expected to close in the first half of 2020, according to the announcement. As part of the deal, Diamond Eagle will change its name to DraftKings and change its ticker symbol. The company will trade on the Nasdaq with an estimated market cap of $3.3 billion.

Écrire un Commentaire

Worse thing that could happen in our country, legalized sports betting, how many people who never would consider illegal sports betting lose everything they have to this addiction. SAD.

DFSgolfer23

mr_jettlife

CameramanStan

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Lyft is launching a car rental service amid its profitability push - Business InsiderLyft announced an expanded launch of its car rental service, which is available for users 22 years and older and comes with unlimited mileage. Here’s my lyft prediction for 2020. APP for new car rental division will be so successful that they’ll dump unprofitable Rideshare operation by EOY.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »