Disney is willing to bet that the recent rise of daily sports fantasy-for-money sites is going to continue.
The media conglomerate has invested $250 million in DraftKings, a site that allows people to pool money with fellow sports fanatics on games based on assembling teams of players. The investment, reported by the Wall Street Journal, values DraftKings at $900 million
DraftKings is one of two online fantasy-for-money sites — the other is FanDuel — that have enjoyed a spectacular rise in popularity in recent years. The two have been locked in an intense rivalry for the affections of sports fans who can win money through the sites' competitions. FanDuel is also reportedly working on a funding round. Read more...
More about Disney, Business, Media, and Sports
from Mashable http://ift.tt/19Ygsd4
via IFTTT
No comments:
Post a Comment