Special Offer: Try out The Information today for only $10/month for your first 3 months.
About Us
Pricing Corporate Sales
Briefing
Markets

DraftKings to Go Public Through Reverse Merger

By Tom Dotan
· · Source: The Information

By the first half of next year, DraftKings could be a publicly-traded company. The company announced this morning it was going to merge with Diamond Eagle Acquisition Corp., a special purpose acquisition company currently listed on Nasdaq. As part of the deal, the SPAC would also acquire a sports betting tech company—the new company would take the DraftKings name. These types of reverse...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Profile Media/Telecom Markets
Bourkoff Is Star Media Dealmaker, But Can He Make Shift to Tech?
By Jessica Toonkel · Sept. 23, 2020 6:01 AM PDT

Aryeh Bourkoff hates wasting time. Rather than checking his overcoat when he goes out to lunch during New York’s frigid winters, the investment banker sometimes asks his assistant to walk with him to the restaurant so she can take his coat with her back to the office. When it is time for him to leave, he summons her to bring it back, say people who know Bourkoff.

Eight years after he ...

Latest Briefs
 
Variety and Hollywood Reporter Join Forces
By Martin Peers · Sept. 23, 2020
DOJ to Send Proposed Changes to Online Liability Shield to Congress
By Wendy Pollack · Sept. 23, 2020
Tesla Shares Fall as Musk’s Battery Updates Disappoint
By Juro Osawa · Sept. 23, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Startups Microsoft
Tech Execs Are Obsessing Over Note-Taking Apps. We Tested Them Out
By The Information Staff
Investors are newly enamored of note-taking apps, financing startups like Notion Labs, Coda and Roam Research at high valuations.
Exclusive Policy Google
In Ironic Twist, Google’s Pro-Privacy Move Boosted U.S. Antitrust Probe
By Nick Bastone
Google has taken a lot of heat for violating people’s privacy. Now it could get in trouble for trying to protect it.
Venture Capital Asia
TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin
Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape.
The Takeaway Media/Telecom Google
Accepting Kickbacks, Publishers Are Playing Into Tech Companies’ Hands
By Jessica E. Lessin
For years, news publishers have been clamoring for Facebook, Google and Apple to pay for the news content that gets distributed through their services.
Venture Capital Startups
Politics Create High-Wire Act for Tech CEOs
By Zoë Bernard
In June, after protests against the police killing of George Floyd swept the country, Glenn Kelman, CEO of online real estate brokerage Redfin, wrote an email to his customers in which he committed to doing more to help Black customers find homes in neighborhoods they’ve traditionally been shut out of.
The Briefing
What TikTok’s Future Might Look Like Under Oracle and Walmart: The Information’s Tech Briefing
By The Information Staff
ByteDance’s hopes of getting President Trump’s approval for its proposed deal with Oracle appear to be dwindling by the day, judging by the blizzard of media reports about the debate going on inside the Trump administration.