MBBP Client DraftKings, the leading provider of daily fantasy sports announced on Monday, that Fox Sports will provide about $150 million for an 11 percent stake in the company. Other investors include the Kraft Group, Wellington Management, and several sports leagues and franchises.
Morse, Barnes-Brown & Pendleton served as one of the counsel and advised DraftKings in connection with negotiation and documentation of the transaction. Read the full announcement.
So what’s a company to do with all this funding? Why expand of course! Read the latest news on how DraftKings is going global.