DraftKings reportedly exploring Bleacher Report acquisition

According to news outlet Front Office Sports, DraftKings has been exploring the acquisition of Bleacher Report from its parent company Turner Report.

The planned acquisition has been reportedly rumoured by a number of industry sources.

While DraftKings would neither confirm nor deny its interest in acquiring the sport publishing company, Turner Sports responded that it had no interest in selling Bleacher Report.

A DraftKings spokesperson said: “DraftKings speaks to a variety of companies regarding various matters in the normal course of business.

“It is our general policy not to discuss the specifics of any of those discussions.”

Meanwhile, a Turner Sports spokesperson said: “Bleacher Report is not for sale and there is no truth to this misguided speculation.”

Turner Sports acquired Bleacher Report for $175m in 2012.

Earlier this year, Penn National Gaming acquired a 36% stake in Barstool Sports for $163m in cash and stock.

For Q1 this year, DraftKings reported a 30% year-on-year growth in net revenue despite the effects of COVID-19, with a total of $89m.

DraftKings CEO Jason Robins, said that the current environment of sports league closures won’t affect long-term growth.

Owain Flanders

Visit Profile

Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.