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New Deal


Announced

Completed

DraftKings completed the merger with SBTech and Diamond Eagle Acquisition at a $3.3bn valuation.

Financials

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Transaction Value£2,537m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Entertainment

e-sports

Merger

Acquisition

Single Bidder

Private

United States

Friendly

Completed

Domestic

De-SPAC

Synopsis

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DraftKings, a digital sports entertainment and gaming company, completed the merger with SBTech, an international provider of sports betting and gaming technologies, and Diamond Eagle Acquisition, a public by an entity founded by Hollywood executives Jeff Sagansky and Harry Sloan, at a $3.3bn valuation. “By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers,” Jason Robins, DraftKings Co-Founder and CEO.

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