NDAQ:DKNG - Post Discussion
Post by
Betteryear2 on Feb 15, 2024 4:41pm
DraftKings Reaches Agreement to Acquire Jackpocket
BOSTON & NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” and the “Company”) today announced that it has reached an agreement to acquire Jackpocket, the leading lottery app* in the United States, for total consideration of approximately $750 million, with approximately 55 percent of the consideration payable in cash funded from the Company’s balance sheet with no capital raise required and approximately 45 percent of the consideration payable in the Company’s Class A common stock, subject to customary purchase price adjustments and the collar mechanism described below (the “Proposed Transaction”). DraftKings Reaches Agreement to Acquire Jackpocket for $750 (globenewswire.com)
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