The merger of DraftKings and SB Tech has been approved by the Securities and Exchange Commission according to an announcement from Diamond Eagle Acquisition Corp (DEAC), clearing DraftKings to become a public company later this month.
DEAC shareholders will vote on the merger at a special meeting scheduled for 23 April.
DEAC filed a Registration Statement with the SEC in Nevada and a statement of approval on 15 April.
The merger is valued $2.7bn.
DEAC, a special purpose acquisition company, was founded by Hollywood veterans Harry Sloan and Jeff Sagansky.
