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DraftKings stock surges 16% after Michael Jordan joins as board advisor

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Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C.

Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images

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Shares of DraftKings jumped 16% in premarket trading after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors. 

Jordan, a member of the National Basketball Association Hall of Fame, will have an equity interest in the company as part of the deal.

“Michael Jordan is among the most important figures in sports and culture, who forever redefined the modern athlete and…



Source cnbc.com

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