Why DraftKings Acquired Its Tech Provider
DraftKings (NASDAQ: DKNG) went public in April 2020 via a merger with a special purpose acquisition company (SPAC). But the deal was actually a three-way merger, with DraftKings also combining with SBTech, the tech company behind its platform.
That's a lot of complexity for a young company to navigate. But Co-Founder and CEO Jason Robins believes bringing SBTech in-house was critical to his company's success. On this clip from Motley Fool Live's "Industry Focus," recorded May 19, Robins explains to "Industry Focus" host Nick Sciple why the company believed it was necessary to do the deal.
Source Fool.com
