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DraftKings Submits Superior Proposal To Buy PointsBet s U S Business

Gaming company DraftKings Inc. (DKNG) announced Friday that it has submitted an indicative superior offer to acquire PointsBet Holdings Ltd.'s U.S. business in an all-cash transaction with a purchase price of $195 million.

United statesJason robinsDraftkings incPointsbet holdings ltdPointsbet holdingsEquity sale agreementFanatics bettingDraftking chief financial officerDraftking chief executive officer

DraftKings (DKNG) Submits Superior Proposal to Acquire PointsBet s U S Business

DraftKings (DKNG) Submits Superior Proposal to Acquire PointsBet s U S Business
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United statesUnited kingdomMatt kalishPaul libermanDraftkings sportsbookSam swanellJohn salterBrett patonChris cormierJason robinsSecurities exchangeExchange commissionRaine groupVegas sports information network vsiPointsbet holdings ltdSullivan cromwell

DraftKings (DKNG) makes offer to acquire PointsBet US business, tops Fanatics bid

DraftKings (DKNG) makes offer to acquire PointsBet US business, tops Fanatics bid
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United statesJason robinsSam bougheddaDraftking chief executive officer

DraftKings Submits Superior Proposal to Acquire PointsBet s

Company Reiterates Expectation of Positive 2024 Adjusted EBITDA; Projects Acquisition Will Generate Incremental Adjusted EBITDA in 2025 If Completed.

United kingdomUnited statesMatt kalishPaul libermanJohn salterSam swanellDraftkings sportsbookBrett patonJason robinsChris cormierRaine groupVegas sports information network vsiOur transaction committeeUs business of pointsbet holdings ltdDraftkings incSullivan cromwell

DraftKings Offers $195 Million to Acquire PointsBet

DraftKings Offers $195 Million to Acquire PointsBet
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United statesJason robinsPointsbet holdings ltd onRaine groupDraftkings incNon executive chairmanChief executive officerPointsbet holdings ltdBofa securitiesCreation capabilityDraftking chief executive officerDraftking chief financial officer