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MBBP Client DraftKings Raises $300M in Funding 07/30/2015

Posted by Morse, Barnes-Brown Pendleton in Client News.
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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.

Congratulation DraftKings!

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