Sunday April 05, 2015

Disney Makes $250 Million Bet on Fantasy Sports Site DraftKings

If a report on Disney is accurate, the mega-entertainment conglomerate is getting into the gambling business. Reports from the Wall Street Journal have Disney, better known for its family oriented wholesome programming and movies, investing $250 Million in DraftKings, a sports fantasy-for-money site.

Disney, which owns sports media giant ESPN, has become an aggressive investor in new markets.