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Bullboard - Stock Discussion Forum DraftKings Inc DKNG

DraftKings Inc. is a digital sports entertainment and gaming company. The Company provides users with online sports betting (Sportsbook), online casino (iGaming) and daily fantasy sports (DFS) product offerings, as well as retail sportsbook, media and other consumer product offerings. Its Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 27 states... see more

NDAQ:DKNG - Post Discussion

DraftKings Inc > DraftKings Reaches Agreement to Acquire Jackpocket
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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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