DraftKings acquires SBTech in $3.3bn combination

Companies announce three-party deal that will see combined group listed on the Nasdaq stock exchange

DraftKings has acquired sportsbook platform SBTech, in a three-party deal that will also see the business go public. The deal will see DraftKings and SBTech brought by Diamond Eagle Acquisition Corp, a special purpose acquisition company listed on the Nasdaq exchange. No acquisition price was announced but EGR understands the deal valued SBTech at $700m (£539m).…

DraftKings | M&A | SBTech | Sports betting