DraftKings Shares Plunge as Short-Seller Alleges Organized Crime Link
Shares in fantasy sports pioneer DraftKings plunged more than 11% in early trading Tuesday as short-seller Hindenburg Research issued a report stating the company has…
SPAC
Betway SPAC Deal Next Step In World Betting Branding
Super Group’s pending merger with Sports Entertainment Acquisition Corp. is a key step in expanding its global Betway brand, as the company continues to expand into…
Billionaire Burkle’s SPAC Buys European Sporting Goods Retailers
Grocery store billionaire and Pittsburgh Penguins co-owner Ronald Burkle is getting into the sporting goods business. Burkle’s Yucaipa Acquisition, a SPAC that holds…
Sportico Wins Two Awards in SABEW 2020 Best in Business Competition
In its first year of existence, Sportico has been honored with two 2020 Best in Business Awards, presented by the Society for the Advancement of Business Editing and…
Wynn Spins Digital Gaming Into Bill Foley SPAC in $3.2 Billion Deal
Publicly traded Wynn Resorts is spinning off its mobile gaming and sportsbook business through a special purpose acquisition company formed by Vegas Golden Knights owner…
Exclusive
Sportradar, Boehly’s Horizon SPAC Extend Acquisition Window
Sportradar and Horizon Acquisition Corp. II, the SPAC led by Los Angeles Dodgers co-owner Todd Boehly, have extended their negotiating window to hammer out an…
Betway Parent Going Public in $4.75 Billion SPAC Deal
Super Group, the parent of bookmaker Betway and iGaming brand Spin, has agreed to be taken public in a $4.75 billion deal with Sports Entertainment Acquisition Corp., a…
SEC’s Latest Move to Curb SPACs May Slow but Won’t Stop Market
Last week, the Securities and Exchange Commission issued a letter indicating the agency plans to put forth new accounting guidelines. The guidance noted that warrants…
Exclusive
Sports SPACs Find Few Fans as Investors Shun Announced Deals
Suddenly, no one likes SPACs. Special purpose acquisition companies with pending deals are finding investor support has largely dried up. There are 26 sports-related…
SPACs Draw SEC Scrutiny as Celebrities and Sponsors Worry Staff
The boom in new special purpose acquisition company filings has nearly ground to a standstill in recent days, as regulator statements on the red-hot SPAC market are…
SPAC Insurance Spikes, Creating Legal Exposure for Board Members
The cost of directors and officers insurance (D&O) for special purpose acquisition companies has spiked in 2021, meaning executives and board members may end up exposed…
Marc Lasry, Jill Ellis on Topps Board as Michael Eisner Strikes SPAC Deal
Card collectors have been bidding up Topps cards to record heights over the past year. Now, Michael Eisner and hedge fund manager Jason Mudrick are planning to allow…
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