DraftKings Inc. / Railbird Technologies Inc. and Railbird Exchange, LLC
Completed · As at · Announced
Transaction
- Buyer
- DraftKings Inc.
- Target
- Railbird Technologies Inc. and Railbird Exchange, LLC
- Consideration
- Approx. $18.3m cash + $28.7m equity; contingent consideration additional · DraftKings Inc.
The filing reports $37.8m acquisition-date present value of contingent consideration; this is not a disclosed contractual maximum. · DraftKings Inc., DraftKings Inc.
The release did not disclose price; the later filing supplies the financial terms. · DraftKings Inc., DraftKings Inc.
Timeline
- · Announced · DraftKings Inc.
- · Completed · DraftKings Inc.
Sources
- DraftKings Inc.: DraftKings acquires Railbird ·
- DraftKings Inc.: DraftKings FY2025 Form 10-K, Railbird business combination
Latest source: