DraftKings to Go Public in April Despite Lack of Pro Sports

April 15, 2020, 6:11 PM

DraftKings Inc., the sports-betting site stuck issuing credits as events get canceled worldwide, is driving ahead with plans to go public in April through a reverse merger.

The Boston-based gaming and fantasy sports company agreed in December to a three-way deal valuing it at $3.3 billion with gaming technology provider SBTech and Diamond Eagle Acquisition Corp., a publicly traded special purpose acquisition company.

“We are pleased that our registration statement was declared effective by the U.S. Securities and Exchange Commission this morning, which brings us another step closer to our goal of becoming a public company in April,” ...

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