Rumoured DraftKings sell-off could pave way for IPO

Reported deal with special purpose acquisition company could see DraftKings go public without an IPO

DraftKings’ rumoured sale to Diamond Eagle Acquisition Corp could see the operator go public without an IPO, according to Julian Buhagiar, the co-founder of London advisory firm RB Capital. Bloomberg reported this morning that the operator was in advanced talks with Diamond Eagle, a special-purpose acquisition company (SPAC), as a way for DraftKings to secure…

DraftKings | IPO | M&A | Strategy