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DraftKings Invests in SPAC Merging with Vivid SeatsWritten by: Todd Shriber

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DraftKings (NASDAQ:DKNG) announced today it’s providing private investment in public equity (PIPE) to Horizon Acquisition Corp. (NYSE:HZAC) — the special purpose acquisition company (SPAC) merging with online ticket marketplace Vivid Seats. Todd Boehly’s Eldridge Industries, an affiliate of Horizon’s sponsor, Horizon Sponsor, LLC, is entering into the agreement with DraftKings. Los Angeles Dodgers co-owner Boehly
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