New York Times to purchase The Athletic for $550m

The New York Times has signed a deal to purchase sports news subscription site The Athletic. As previously featured on Gambling Insider, DraftKings and FanDuel were among the companies that were also interested in purchasing The Athletic. The deal is valued at around $550m and it should close in the first quarter of 2022. The two companies had discussed a deal earlier this year, but the negotiations failed because The Athletic considered ...