Zona de Azar USA – ESPN Owner, Disney, Now Holds Stake In DraftKings

USA.- May 22nd 2019 www.zonadeazar.com One small part of the massive deal between the Walt Disney Company and 21st Century Fox included the stake in daily fantasy sports and sports betting company DraftKings, Legal Sports Report confirmed.

The interest in DraftKings — originally acquired by Fox as part of a funding round in 2015 — is now owned by Disney “through one of its subsidiaries,” a spokesperson for DraftKings told LSR.

It’s an interesting twist for Disney and DraftKings, which had initially committed to an investment deal in 2015 before it fell through. (Disney has controlling interest in ESPN.)

LAKE BUENA VISTA, FLORIDA – MARCH 23: A general view of the ESPN Wide World of Sports entrance outside of Champion stadium before a spring training game between the Atlanta Braves and the New York Mets on March 23, 2019 in Lake Buena Vista, Florida. (Photo by Julio Aguilar/Getty Images)

It appears the stake in DraftKings did not move alongside the Fox Sports Networks, as Disney sold them to Sinclair Broadcasting earlier this month. Disney had acquired the regional sports networks in the original Fox deal, but had to divest as part of the terms.

The confirmation also comes as Fox Sports — a part of the remaining Fox Corp. — announced its plans to launch a betting app in conjunction with The Stars Group.

Edited by: @MaiaDigital (Twitter) www.zonadeazar.com

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