When the global media giant announced its $71 billion acquisition of 21st Century Fox two months ago, it also received Fox’s share of the daily fantasy sports company, which started its own sportsbook in August.
An unnamed Disney subsidiary now owns Fox’s stake in the company as a result of the acquisition.
Fox acquired its stake in DraftKings nearly four years ago as part of $300 million round of venture funding that also included buy-ins from Major League Baseball, the National Hockey League, Madison Square Garden, and The Kraft Group.
In February, DraftKings and Caesars reached an agreement for a multi-state partnership. The deal grants DraftKings market access for its online gaming products in US states where Caesars runs casinos. In addition, Caesars, which received an equity stake as a result, also serves as the official casino resort partner for DraftKings
Less than a week, ESPN announced a partnership with Caesars Entertainment that includes ESPN getting a studio along the Las Vegas strip and Caesars becoming the official odds supplier for the sports media giant.
Disney owns an 80 percent stake in ESPN.
