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Why DraftKings' New Acquisition Makes Perfect Sense

TheMotleyFool

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Why DraftKings' New Acquisition Makes Perfect Sense

On Aug. 9, 2021, DraftKings (NASDAQ:DKNG) announced that it had entered a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG). In today's video I share why this acquisition is a strong move for DraftKings. Here are some highlights from the video.

Click the video below for my full thoughts and analysis.

*Stock prices used were the midday prices of Aug. 9, 2021. The video was published on Aug. 9, 2021.

Source Fool.com

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