DraftKings Outplays Fanatics, Proposes $195 Million Acquisition of PointsBet
Sports betting giant DraftKings has put forward a bold $195 million cash offer to acquire PointsBet’s U.S. assets, surpassing a previous bid by Fanatics, according to a press release. This move comes after Fanatics agreed to purchase PointsBet’s U.S. operations for $150 million in an attempt to strengthen its presence in the sports gambling industry. …
