- DraftKings (DKNG, $16.57) shares rose 8% last Friday as it was rumored to be closing a deal with Disney's (DIS, $97.16) ESPN.
ESPN has been looking for a sportsbook partner that would enable bettors to partake in in-game betting during live broadcasting. The company has previously invested in sports gambling, though it has avoided taking actual bets. It has betting shows such as Daily Wager and marketing deals with DraftKings and Caesars Entertainment (CZR, $37.28), where links to sportsbooks are integrated into ESPN’s website.
- Both parties declined to comment on the matter, but DraftKings pointed to its "long-standing standing relationship with ESPN".