DraftKings to Acquire Golden Nugget Online Gaming in $1.56 Billion All-Stock Deal
August 9, 2021
DraftKings Inc. entered into a definitive agreement to acquire Golden Nugget Online Gaming, Inc. in an all-stock transaction with an implied equity value of approximately $1.56 billion. The deal is expected to close in the first quarter of 2022 and is designed to expand DraftKings’ multi-brand iGaming and sports betting reach by leveraging Golden Nugget’s brand, customer database, and technology capabilities.
- Buyers
- DraftKings Inc.
- Targets
- Golden Nugget Online Gaming, Inc.
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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