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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...

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