DraftKings Offers $195 Million for PointsBet’s U.S. Business

📆 6/16/2023 4:30 PM
📰 WSJ

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DraftKings is offering to buy PointsBet’s U.S. business for $195 million, setting up a battle with sports-merchandise company Fanatics for the online sports-betting assets

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PointsBet recommends shareholders vote in favor of an earlier Fanatics deal while the board evaluates the DraftKings offerDraftKings said it has made an offer for PointsBet Holdings’ U.S. business that is 30% higher than an offer from Fanatics.

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