Sports-tech and media company, DraftKings has announced it is venturing into the world of live sports streaming through its newly-formed partnership with Euroleague Basketball. As a result of the deal, customers will be able to stream selected Turkish Airlines EuroLeague basketball games directly through their DraftKings mobile app, as well as utilising both fantasy contests and live content. The announcement …
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US daily fantasy sports operator DraftKings continues its executive team restructure, confirming the appointment of R. Stanton Dodge as its new Chief Legal Officer (CLO). A seasoned US media legal expert, Dodge joins DraftKings leadership team from telecommunications services provider DISH Networks where he serves as Group General Counsel. Dodge joins DraftKings, as the DFS operator seeks to bring new …
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Expanding its commercial arm, US daily fantasy sports operator DraftKings has confirmed the appointment of Ezra Kucharz to the newly created position of Chief Business Officer (CBO). Kucharz will take leadership of all DraftKings commercial disciplines; overseeing business development initiatives and strategy, commercial planning and advertising sales. A tech commercial development veteran, Kucharz joins DraftKings’ executive team having previously led …
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The governances of leading US daily fantasy sports operators’ FanDuel and DraftKings have issued statements confirming that their planned merger has been called off. The prospects of creating an ‘outright DFS market leader’ had hit a roadblock last June when the US Federal Trade Commission (FTC) detailed that it could not recommend the FanDuel-DraftKings merger as the combination would control …
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The US Federal Trade Commission (FTC) has dealt a severe blow for the planned merger of leading daily fantasy sports operators FanDuel and DraftKings, filing an official lawsuit against the formation of a new company. Last week, US Tech news sources reported that FTC officials may have concerns on the combination of FanDuel-DraftKings, which would see one player takeover a …
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US Tech news sources have reported that the planned merger of FanDuel and DraftKings maybe be denied by the US Federal Trade Commission (FTC), on grounds that the combination would form an outright leader with more than 80% of the daily fantasy sports market. FTC officials are reported to have shown concern that the FanDuel-DraftKings combination would lead to a …
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Bloomberg USA has reported that daily fantasy sports (DFS) operator DraftKings has raised a further $100 million (£84 million) in venture financing led by Los Angeles VC fund Eldridge Industries. The VC fund which is headed-up by Los Angeles Dodgers MLB franchise owner Todd Boehly joins DraftKings’ portfolio of 17 core investors (https://www.crunchbase.com/organization/draftkings#/entity ) To date, DraftKings has raised approximately …
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Tech business news sources are reporting that leading US daily fantasy sports operators FanDuel and DraftKings are reaching a conclusive agreement with regards to a merger. Since October, the governances of the DFS operators have been in ‘fast track’ discussions with regards to creating an outright market-leading enterprise. On Wednesday, former ‘Fortune’ finance editor Dan Primack revealed that according to …
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US tech news sources are reporting that FanDuel and DraftKings are fast tracking merger plans, with their corporate governances ‘hammering out’ combined enterprise details for stakeholders and investors. Last weekend, news broke that FanDuel and DraftKings governances had entered initial merger negotiations. Nevertheless, industry commentators quickly pointed to the pairs’ fraught relationship following years of hostile battle for outright …
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US tech news sources have revealed that Boston-based fantasy sports operator DraftKings has raised circa $150 million (£115 million), in its latest funding round. The $150 million round is reported to be led by Revolution Capital, the investment firm of AOL founder Steve Case, who is joined by US pro-sports franchise mogul Ted Leonsis, the owner of the Washington Capitals …
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