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Announced

Completed

DraftKings completed the acquisition of Vegas Sports Information Network.

Financials

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

Tags

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Single Bidder

Completed

Domestic

Friendly

sports betting news

Acquisition

Majority

United States

broadcasting company

Entertainment

Private

Synopsis

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DraftKings, an American daily fantasy sports contest and sports betting operator, completed the acquisition of Vegas Sports Information Network, a multi-platform broadcast and content company. Financial terms were not disclosed. "VSiN creates authentic and credible content that resonates with sports bettors at every level, whether they’re experienced or new to sports betting. In addition to its brand equity among sports bettors and engaging talent roster, VSiN also has an established infrastructure that DraftKings can immediately help expand, in the hopes of adding value to consumers who are looking to become more knowledgeable about sports betting," Jason Robins, DraftKings Co-Founder, CEO and Chairman.

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