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DraftKings to Acquire Micro-Betting Firm Simplebet
DraftKings (NASDAQ: DKNG) has announced its acquisition of Simplebet Inc., a company specializing in micro-betting services, aiming to enhance its in-game betting offerings. The financial specifics of the deal were not disclosed, though earlier speculation suggested the purchase price could range from $120 million to $170 million. DraftKings and Simplebet have been partners since 2021…