Fox Leads $300 Million Funding Round in DraftKings

Wall Street Journal: Sports subsidiaries of Disney, Time Warner and 21st Century Fox are jockeying to acquire stakes in nascent digital fantasy-sports businesses. Media companies want a piece of the latest revenue stream: daily fantasy-sports games played online for cash.  In the latest such deal, Fox Networks Group has led a $300 million venture-funding round for daily-fantasy-sports startup DraftKings. Fox Networks’ expected $150 million position, for 11% of DraftKings, would give the startup a post-money valuation of more than $1.2 billion.