Sports betting and fantasy contests operator DraftKings has agreed a three-way deal that will see the company go public and acquire sports betting technology provider SBTech.
DraftKings has entered into a definitive business combination agreement with Nasdaq-listed special purpose acquisition company Diamond Eagle Acquisition Corp and SBTech to create what it describes as the only vertically-integrated pure-play sports betting and online gaming company based in the United States.
The transaction is expected to close in the first [...]
