One thing Draft and Mobiledoc seem to have in common is a robust programmatic API. Draft is pitched as a "framework for building rich text editors in React". Mobiledoc pitches itself as a toolkit for building WYSIWYG editors, so fairly similar goals.
Mobiledoc is designed to be very quick and easy to render, and additionally to support rich content "cards" and "atoms". These are runtime-implemented rich content sections, and our main sponsor for this work (Bustle Labs) uses them for image sliders, animated and interactive SVG features, videos, and more.
These runtime rendering points also make it easy to have multiple representations of a document. For example, we render Mobiledoc into text for ElasticSearch, into HTML for normal web visitors, and into AMP HTML. When rendering into text or AMP we can't use the normal card implementations, and runtime-configuration makes this easy.
And the rich cards work with copy paste! and undo/redo! Anyway, there is definitely overlap here, but IMO the goals of Draft are pretty narrow so far.