tdlr: Ads for Equity– DraftKings Raises $300 Million


DraftKings, one of the top daily fantasy sports companies, has raised $300 million in new funding led by 21st Century Fox’s Fox Sports unit. The deal also calls for DraftKings to spend roughly $250 million on ads with the TV company over the next three years, according to sources familiar with the agreement.

via DraftKings Raises $300 Million, Promises to Spend Much of It With Fox Sports | Re/code.