DraftKings buys into $1.95bn Vivid Seats SPAC merger

Todd Boehly-backed investment firm nets support from US sports betting heavyweight for PIPE investment deal

DraftKings has agreed to make a PIPE (private investment in private equity) investment into the $1.95bn SPAC merger between online ticketing company Vivid Seats and Horizon Acquisition Corp. The agreement will see DraftKings assume a portion of a previous commitment made by a third company, Eldridge Industries LLC, as part of the initial SPAC investment,…

DraftKings | Finance | Investments | SPAC | Sports betting | US