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The sports-betting industry is abuzz with chatter that DraftKings could soon make a big acquisition.
DraftKings is exploring a variety of buys, four industry sources said.
Insider analyzed some of the potential targets and what they d mean for DraftKings business.
The sports-betting industry is abuzz with speculation that DraftKings could be about to make a major acquisition as it looks to shore up its early-mover advantage in the growing US market.
The company is exploring a variety of acquisitions, and four industry sources told Insider it had had talks with a handful of companies in sports, media, and online poker. These insiders, who include investors, entrepreneurs, and a consultant, were close to companies involved in the talks and spoke on condition of anonymity because they did not have permission to discuss them.
February 16, 2021 at 12:51 PM
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Barstool Sports deserves all the credit in the world for its efforts to raise money for small businesses that have been crushed by the coronavirus pandemic. As of the morning of February 15, The Barstool Fund has raised more than $35 million and supported 258 businesses.
The edgy company with its provocative president, Dave Portnoy, is not afraid to push the envelope on almost any issue. Sometimes, it is for the good of society and, at other times, the words uttered by Portnoy have the potential to put his own company at risk. A case in point concerns recent developments surrounding Barstool Sports’ Rough N’ Rowdy (RnR) event that took place in early February and featured a fight between former Major League Baseball player Jose Canseco and Barstool Sports’ intern Billy Football.
The Michigan Gaming Control Board announced the latest operator to go live in the state. Pala Interactive partners the Pokagon Band of Potawatomi Indians.
Target (NYSE:TGT) are primed to be winners.
Image source: Getty Images.
Online dating is still heating up
Keith Noonan (Bumble): Dating app specialist Bumble had its initial public offering on Feb. 11, just in time for Valentine s Day. The stock exploded out of the gate, with shares surging roughly 63.5% in the company s first day of trading, bringing its market capitalization to about $8 billion.
Bumble s explosive start might raise the question about whether the stock has become too hot to handle. While investors should approach the stock with the understanding that trading could be volatile in these early days following the company s public debut, Bumble still has huge growth potential.
Promoter claims Jose Canseco ‘took a dive’ in 10-second loss after being paid in advance
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Photo by Thearon W. Henderson/Getty Images
Jose Canseco’s first-round knockout loss at the hands of Barstool Sports’ “Billy Football” last night (Fri., Feb. 5, 2021) at ‘“Rough N’ Rowdy” 13 may not have been what it seemed.
After seeing Canseco go down from a small barrage of punches in the corner of the boxing ring just 10 seconds into the first round, chatter began to surface around social media. Did the former MLB star take an early dive? Related
Those questioning the legitimacy of the boxing match were joined by Barstool Sports founder and promoter, David Portnoy, who took to social media after the fight to express his own frustration. Portnoy revealed the company paid Canseco half of his money up front with the guarantee of doubling it if he wins, but that didn’t seem to motivate the 56-year-old Canseco enough.