DraftKings completes SBTech buyout as senior team restructures

SBTech CFO Shay Berka to become chief international officer as combined group starts trading publicly under DKNG ticker

DraftKings has completed its $3.3bn three-way combination with SBTech and Diamond Eagle Acquisition Corp (DEAC) and is now trading as a Nasdaq-listed PLC under the ticker symbol DKNG. EGR understands that as part of the merger, SBTech CEO Richard Carter will not be involved in the day-to-day running of the business but will act as…

Diamond Eagle | DraftKings | M&A | M&A | SBTech