(DKNG), (FCAC) - DraftKings, Skillz SPAC Team Launch $1.5 Billion Spinning Eagle: What Investors Should Know
DraftKings Inc. (NASDAQ: DKNG) and Skillz Inc. (NASDAQ: SKLZ). Flying Eagle Acquisition raised $690 million with units that included one-third of a warrant in January 2020. The company announced their merger with Skillz, valuing the mobile gaming company at $3.5 billion. Diamond Eagle Acquisition raised $400 million in April 2019 with units that also included one-third of a warrant. The company merged with DraftKings in a deal that valued the sports betting company at $2.7 billion. The company also did deals that included Target Logistics, Williams Scotsman, Global Eagle Entertainment and Vi...
Source: benzinga.com