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FanDuel Trying To Go Public Without IPO

  • Axios, Thursday, March 8, 2018 10:11 PM

Betting platform FanDuel is reportedly considering ways to go public without an IPO. “The fantasy sports site is likely to participate in a reverse merger with Platinum Eagle Acquisition Corp., a special purpose acquisition company formed earlier this year by veteran media executive Jeff Sagansky,” Axios reports. “Special purpose acquisition companies, or SPACs, are basically management teams that raise money from the public markets.”

Read the whole story at Axios »

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