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DraftKings Reaches Late Stage Negotiations for Acquiring SBTech

George Miller
July 1, 2019
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DraftKings Reaches Late Stage Negotiations for Acquiring SBTechReading Time: 1 minute

 

DraftKings, the US based daily fantasy sports content provider, has reached the late stage negotiations for acquiring the online gambling and sports betting company SBTech.

Multiple sources have confirmed negotiations between the two parties, but as yet no information has been made available with regards to deal timings or provisions.

DraftKings did not confirmed the deal but stated “DraftKings speaks to a variety of companies regarding various matters in the normal course of business, and it is our general policy not to discuss the specifics of any of those discussions.”

The takeover of SBTech would offer DraftKings the chance to avoid costly sports betting product development, securing an “in-house platform” through M&A. The estimated price that DraftKings could propose range between $300m and $500m to completely acquire SBTech.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: DraftKings Reaches Late Stage Negotiations for Acquiring SBTech

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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