- Sports betting platform DraftKings plans to go public in the first half of 2020 after merging with acquisition firm Diamond Eagle and betting technology company SBTech, according to a company statement.
- The combined firm will tout a market cap of roughly $3.3 billion, including more than $300 million in new investment from Capital Research and Management, Wellington Management, and Franklin Templeton.
- DraftKings co-founder and CEO Jason Robins will lead the company following its initial public offering, and SBTech management will remain involved in the firm, according to the statement.
- Visit the Business Insider homepage for more stories.
Sports betting platform DraftKings plans read more >>>