M&A

SBTech terms shift in DraftKings deal to cover potential cyber-attack costs

DK parent company maintains access to $30m SBTech cash and shares in case operators ask for compensation

SBTech executives could have up to $30m in cash and shares frozen for a period of two years to cover potential cyber-attack compensation costs. SEC papers filed by DraftKings’ soon-to-be parent company Diamond Eagle Acquisition Corp (DEAC) yesterday said the $10m in cash and $20m in shares would “cover certain indemnification obligations of the SBTech…

Cyber Attacks | DraftKings | M&A | SBTech | Sports betting

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