Institutional investors (including funds managed by Capital Research and Management, Wellington Management and Franklin Templeton) have committed to a private investment of $304 million in the stock of the combined company. “I look forward to building significantly upon our goals of continuing our state-by-state rollout and creating the most entertaining and engaging customer experiences for sports fans globally.” “The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” Robins said. The SBTech management team, specialists in international markets, trading and risk management, will also be integrated into the organization. The company will retain DraftKings’ management team, including co-founders Paul Liberman and Matt Kalish. The new DraftKings will continue to be led by Jason Robins, co-founder and CEO of DraftKings. Sloan was CEO of MGM and also led SBS Broadcasting. Sagansky’s career has included stints as CBS entertainment president, Sony Pictures co-head and CEO of Paxson Communications. Diamond Eagle is a special purpose acquisition company, one of several publicly traded SPACs launched by Sagansky and Sloan. SBTech is a provider of technology for digital wagering.
Joe Dempsie, Francesca Annis & More Join BBC's 'Showtrial' Season 2
