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DraftKings offers to buy PointsBet’s U.S. business for $195 million, or 30% premium over existing offer from Fanatics

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DraftKings Inc. said Friday it has submitted a bid to acquire the U.S. operations of Australia’s PointsBet for $195 million in cash, or a 30% premium over...

DraftKings Inc.

said Friday it has submitted a bid to acquire the U.S. operations of Australia’s PointsBet for $195 million in cash, or a 30% premium over the company’s existing agreement for a sale. In May, PointsBet said it had agreed to sell the business to Fanatics Inc. for $150 million.

said Friday it has submitted a bid to acquire the U.S. operations of Australia’s PointsBet for $195 million in cash, or a 30% premium over the company’s existing agreement for a sale. In May, PointsBet said it had agreed to sell the business to Fanatics Inc. for $150 million.

 

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