DraftKings commands $250m from Disney

Apr 7, 2015 • Thierry Heles

Entertainment company Walt Disney is set to invest the money at a $900m valuation, and the fantasy sports company has agreed an advertising deal with Disney-controlled ESPN.

US-based online fantasy sports platform DraftKings has agreed a $250m series D investment from entertainment company Walt Disney at a $900m valuation, the Wall Street Journal reported on Friday.

DraftKings runs a fantasy sports service that enables users to play individual games of fantasy sports rather than managing a team for an entire season.

Users bet real money on their team in any major sport, including football, golf, hockey, baseball, basketball, martial arts, martial arts and American football.

The company…

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