Blank Check IPOs (SPACS) Message Board

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Technology Stocks : Blank Check IPOs (SPACS)

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sixty2nds

To: sense who wrote (2647)	2/28/2020 8:36:40 AM
From: Glenn Petersen	1 Recommendation Read Replies (1) of 3862

One SPAC to consider is DEAC (Diamond Eagle). Their proposed merger with DraftKings will undoubtedly be approved by the DEAC shareholders. The only risks to the deal are on the DraftKings side. If DraftKings were to back out of the deal, DEAC would tank to $10.00. No risk from COVAD-19 to the DraftKings business model. While the current economics of DraftKings are not attractive, the company has to be a prime acquisition candidate for a major casino looking to establish an online presence.

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