Business

Top of the Morning | Thursday, October 31, 2019   View in browser   Presented By IBM   Pro Rata By Dan Primack · Oct 31, 2019     Top of the Morning Illustration: Aïda Amer/Axios   DraftKings is in talks to go public via a reverse merger with a blank-check acquisition company called Diamond Eagle, as first reported by Bloomberg and confirmed by Axios. If this sounds familiar, it's because Diamond Eagle's management had a prior blank-check company called Platinum Eagle that kicked tires on FanDuel (which was later acquired by Paddy Power Betfair). DraftKings and FanDuel had once agreed to merge, but were blocked by federal antitrust regulators. Diamond Eagle, led by veteran media executive Jeff Sagansky and aided by former MGM CEO Harry Sloan, raised $350 million in its IPO earlier this year. DraftKin...

Top of the Morning | Thursday, October 31, 2019   View in browser   Presented By IBM   Pro Rata By Dan Primack · Oct 31, 2019     Top of the Morning Illustration: Aïda Amer/Axios   DraftKings is in talks to go public via a reverse merger with a blank-check acquisition company called Diamond Eagle, as first reported by Bloomberg and confirmed by Axios. If this sounds familiar, it's because Diamond Eagle's management had a prior blank-check company called Platinum Eagle that kicked tires on FanDuel (which was later acquired by Paddy Power Betfair). DraftKings and FanDuel had once agreed to merge, but were blocked by federal antitrust regulators. Diamond Eagle, led by veteran media executive Jeff Sagansky and aided by former MGM CEO Harry Sloan, raised $350 million in its IPO earlier this year. DraftKin...