DraftKings Completes Business Combination, to Trade Under Ticker 'DKNG'

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Go back to DraftKings Completes Business Combination, to Trade Under Ticker 'DKNG'

DraftKings Closes Business Combination and Will Begin Trading on the Nasdaq Stock Exchange

April 23, 2020 5:50 PM EDT

BOSTON, April 23, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc., a digital sports entertainment and gaming company known for its industry-leading daily fantasy sports and mobile sports betting platforms, today announced that it has completed its business combination (the Business Combination) with SBTech (Global) Limited (SBTech), an international provider of cutting-edge sports gaming technologies, and Diamond Eagle Acquisition Corp. (Diamond Eagle) (Nasdaq: DEAC). The Business Combination, which was approved on April 23, 2020, by DEACs stockholders, creates the only vertically integrated pure-play sports betting and online gaming company based in the United States. Beginning April 24, 2020, DraftKings shares of... More