FanDuel And DraftKings Among Bidders For The Athletic, Says Report
By Taruka Srivastav | November 2, 2021
The betting firms FanDuel and DraftKings are reportedly amongst the bidders for sports news site The Athletic, as per The Information.
The report further claims that The Athletic is seeking a valuation of more than $750M from bids that were due last month. The Athletic current investors includes Founders Fund, Courtside Ventures, and Powerhouse Capital.
The news follows the breakdown of a deal between Axios and The Athletic. NYT’s talk to buy The Athletic ended in mid-June.