DraftKings to become public company, forgoing traditional IPO

DraftKings to become public company, forgoing traditional IPO

The fantasy sports website DraftKings Scott Olson | Getty Images Daily fantasy sports company and bookmaker DraftKings is merging with a special purpose acquisition company, allowing it to become public while forgoing the typical IPO process. DraftKings is combining with Diamond Eagle Acquisition Corp., a SPAC with a market cap of roughly $500 million, and SBTech, … Read more…