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.
Source: News Formal (newsformal.com)
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
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