News

Gambling

Reuters | Equities.com |

DraftKings Inc said on Wednesday basketball legend Michael Jordan will take an undisclosed equity stake in the fantasy sports and gambling company and join its board as a special advisor.

Shares of the company rose 8% to $39.90.

Jordan, a six-time NBA champion who led the Chicago Bulls’ dynasty in the 1990s, is a Basketball Hall of Famer who owns the basketball team Charlotte Hornets.

His career was thrust into the spotlight after Net...