Should the Walt Disney Company Acquire DraftKings?
Walt Disney (NYSE: DIS) has recently entertained the idea of entering the sports gambling industry. Under former CEO Bob Iger, the company was not interested in potentially muddying the family-friendly brand image by getting into the business of gambling.
New CEO Bob Chapek seems more open to the idea, saying, "Sports betting [is] a significant opportunity for the company." Disney already owns a minority stake in sports gambling company DraftKings (NASDAQ: DKNG). Making an offer for the rest of the company could be a potential entry point into the industry for Disney. But is it a good idea?
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Source Fool.com
