DraftKings to Go Public Despite Sports Events Cancelled Worldwide

Sports betting site DraftKings Inc. is planning to still go public this month through a reverse merger, despite sports evens cancelled around the world.

The Boston-based gaming and fantasy sports company said in December that it agreed to a three-way deal valuing it at $3.3 billion with gaming technology provider SBTech and Diamond Eagle Acquisition Corp., a publicly traded special purpose acquisition company.

“We are pleased that our registration statement was declared effective by the U.S. Securities and Exchange Commission this morning, which brings us another step closer to our goal of becoming a public company in April,” DraftKings Chief Financial Officer Jason Park stated to Yahoo Finance via e-mail.

Shareholders of Diamond Eagle will be voting on the deal on April 23rd. The meeting had been delayed due to the coronavirus pandemic.

President Trump is consulting with top sports leaders regarding reopening of country. The list of leaders he will speak with are:

NBA Commissioner Adam Silver
MLB Commissioner Rob Manfred (“We miss our baseball, this is baseball season right here,” Trump said.”)
NFL Commissioner Roger Goodell
UFC President Dana White (“The great Dana White,” Trump added.)
PGA Tour Commissioner Jay Monahan
LPGA Commissioner Michael Wahn
USTA President Patrick Galbraith
MLS Commissioner Don Garber
WWE Chairman and CEO Vince McMahon
NASCAR Vice Chairwoman Lesa France Kennedy
NHL Commissioner Gary Bettman
New England Patriots owner Robert Kraft
Dallas Cowboys owner Jerry Jones
Dallas Mavericks owner Mark Cuban

“We have to get our sports back,” President Trump said this week. “I’m tired of watching baseball games that are 14 years old.” He added, “But I haven’t actually had too much time to watch. I would say maybe I watch one batter then I get back to work.”