DraftKings (DKNG) to Acquire Golden Nugget Online Gaming (GNOG) in All-Stock Deal

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DraftKings (DKNG) to Acquire Golden Nugget Online Gaming (GNOG) in All-Stock Deal

DraftKings (NASDAQ:DKNG) has entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in the rare tie-up of two recent de-SPACs, both of which completed their combinations in 2020. The deal gives Golden Nugget, which only de-SPAC’d eight months ago, an implied equity value of $1.56 billion, a premium of about 63% over
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