Law 360 M&A

FEBRUARY 15, 2024

Digital sports and gambling company DraftKings Inc. said Thursday it has agreed to acquire U.S. lottery app Jackpocket for approximately $750 million, with Sullivan & Cromwell LLP and Cooley LLP representing the parties on the cash-and-stock deal.

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Value Scope

DECEMBER 1, 2023

ESPN Bet is a bold endeavor for PENN to gain market share from industry leaders DraftKings (39%) and FanDuel (31%). in August, just months after the acquisition of the company. The sale back to Portnoy included the right to 50% of any future sale of Barstool; although, Mr. Portnoy claims he will ‘never’ sell the company again.

Marketability 130

Marketability Equity 130

Benzinga

FEBRUARY 15, 2024

15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. The Proposed Transaction will enable DraftKings to access and grow into the massive U.S. digital lottery vertical with our acquisition of Jackpocket," said Jason Robins, Co-founder and CEO of DraftKings. BOSTON & NEW YORK, Feb.

EBITDA 40

EBITDA Technology Marketability 40

Benzinga

JUNE 16, 2023

A leading sports betting company revealed its acquisition plans on Friday morning. Although, the target company already has an existing purchase offer from a competing firm. What Happened: Sports betting and iGaming company DraftKings Inc (NASDAQ: DKNG ) announced on Friday its intent to acquire the U.S.

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Law 360 M&A

NOVEMBER 1, 2022

Block & Leviton LLP and Friedman Oster & Tejtel PLLC were appointed as co-lead counsel in a consolidated stockholder suit in Delaware Chancery Court over Golden Nugget Online Gaming Inc.'s billion all-stock sale to fantasy sports and gambling company DraftKings Inc.

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Law 360 M&A

OCTOBER 20, 2022

A battle is brewing between two plaintiff counsel teams over which is best suited to steer a consolidated stockholder suit in Delaware Chancery Court over Golden Nugget Online Gaming Inc.'s billion all-stock sale to fantasy sports and gambling company DraftKings Inc.

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Law 360 M&A

SEPTEMBER 17, 2022

Former shareholders of Golden Nugget Online Gaming Inc. Fertitta and others in connection with the company's $1.56 billion all-stock sale to fantasy sports and gambling giant DraftKings Inc. have filed two proposed class actions in Delaware's Chancery Court against controlling stockholder Tilman J.

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