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NBA legend Michael Jordan joins DraftKings as special adviser to board

Last updated 1 month ago | By Reuters

 Former NBA player Michael Jordan. [AP Photo/Marcio Jose Sanchez, File]

DraftKings Inc said on Wednesday basketball legend Michael Jordan has joined the e-sports and gambling company's board as a special adviser.

Shares of the company jumped more than 13% to $41.86 (Sh4533) in premarket trading.

Jordan, who has also agreed to take an equity interest in DraftKings, will provide strategic and creative inputs on areas such as product development and marketing activities, the sports betting company said.

DraftKings was taken public earlier this year by an entity founded by Hollywood executives Jeff Sagansky and Harry Sloan in a deal that valued the company at $3.3 billion (Sh357 billion). 

This June 14, 1998 file photo shows Chicago Bulls guard Michael Jordan shooting the game-winning shot in the closing seconds of Game 6 of an NBA Finals basketball game against the Utah Jazz in Salt Lake City to give Chicago their sixth NBA Championship. [Robert Deutch/USA Today via AP, file]
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