DraftKings, a daily fantasy and sports betting site legal in most states, will soon be a public company. The betting site announced today that it has been acquired by Diamond Eagles Acquisition Corporation, a publicly-traded company alongside SBTech, a b-to-b tech company that works alongside sports betting sites.
As part of the new deal, Diamond Eagle will change its name to DraftKings, now a household name among sports fans. The transaction between DraftKings, SBTech and Diamond Eagle is expected to close by June of 2020 with an anticipated market value of $3.3
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