DraftKings is one of the prominent online wagering brands to emerge from the rise of fantasy sports leagues. About Diamond Eagle Acquisition Corp. December 24, 2019. For instance, Diamond Eagle Acquisition Corp. was set up in 2019 and went public as a SPAC that December. Investors@draftkings.com Diamond Eagle Acquisition Corp., a special-purpose acquisition company, will pay $2.7 billion in cash and stock for both DraftKings and sportsbook technology supplier SBTech. Bloomberg News was first to report that Diamond Eagle was in talks to acquire DraftKings. DraftKings has revealed a better than expected fourth quarter and raised its 2021 sales guidance as sports wagering bounces back from the pandemic. Form S-4, or Registration Statement, is a filing … In a press release Monday morning, DraftKings announced a merger with former Hollywood executive Jeff Sagansky’s special purpose acquisition company, Diamond Eagle Acquisition Corp., and a more familiar name in the sports betting industry, SBTech. Headquartered in Boston, and founded in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings’ daily fantasy product is available in 8 countries internationally with 15 distinct sport categories. ESTIMATED CURRENT FUNDS in TRUST: $405.0 million*CURRENT PER SHARE REDEMPTION PRICE: $10.12*EQUITY VALUE: $3.6 billion *SPACInsider estimate a/o 4-23-20 Diamond Eagle Acquisition Corp… Since 2007, the group has developed the industry’s most powerful online sports betting and casino platform, serving licensees in more than 15 regulated territories. Diamond Eagle Acquisition Corp., a special-purpose acquisition company, will pay $2.7 billion in cash and stock for both DraftKings and sportsbook technology supplier SBTech. The group supplies highly flexible betting and gaming solutions to clients looking for exceptional configurability and the quickest route to market, complemented by proven business intelligence and reporting capabilities. April 24, … Diamond Eagle bowed in May with a $400 million public offering. Founded by media executive Jeff Sagansky and founding investor Harry Sloan, Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company provides users with daily fantasy sports, sports betting and iGaming opportunities. A list of the names of those directors and executive officers and a description of their interests in Diamond Eagle is contained in the preliminary proxy statement/prospectus regarding the business combination, which is included as part of the Registration Statement, and will also be included in the definitive proxy statement/prospectus for the proposed business combination when available. The sportsbook technology provider brought in revenue of $108.4m (€97.5m/$86.7m), up 2.9% year-on-year. Supported by unrivalled expertise in trading and risk management, acquisition and CRM, and the highest standards of regulatory compliance, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and record revenues. 200-dg. Its offerings include business-to- consumer (B2C) offerings and business-to-business (B2B) offerings. DraftKings to become public company after combination agreement with Diamond Eagle Acquisition Corp. (DEAC) and SBTech . How is the DraftKings deal structured? None of Diamond Eagle, DraftKings or SBTech undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Diamond Eagle Acquisition Corp. operates as a blank check company. The company will continue to be headed by CEO Jason Robins, a co-founder of DraftKings along with Paul Liberman and Matt Kalish, who will also stay on as senior managers. Diamond Eagle Acquisition Corp. (Nasdaq: DEAC) is a publicly traded special purpose acquisition company, and SBTech, an international turnkey provider of cutting-edge sports betting and gaming technologies. Diamond Eagle Acquisition Corp., the publicly traded special purpose acquisition vehicle that is set to soon combine with sports betting and DFS operator DraftKings and betting and gaming technology provider SBTech today announced that it has filed Form S-4 with the U.S. Securities and Exchange Commission in connection with the tie-up. DraftKings, Diamond Eagle Acquisition Corp. and SBTech Enter Business Combination Agreement. Sports betting giant DraftKings has been cleared to become a public company following approval of a merger with SBTech and Diamond Eagle Acquisition, the public acquisition … Founded by media executive Jeff Sagansky and founding investor Harry Sloan, Diamond Eagle Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. BOSTON & LOS ANGELES--(BUSINESS WIRE)--Diamond Eagle Acquisition Corp. (Nasdaq: DEAC) and DraftKings Inc. today announced that DraftKings’ co-founder and CEO, Jason Robins, will be speaking at the Deutsche Bank Media, Internet & Telecom Conference, held at The Breakers Hotel in Palm Beach, on Tuesday, March 10, 2020, at 12:35PM ET. 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