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Omar Marquis | Light Rocket | Getty Images
Sports gambling power Kings made a cash offer of $195 million for PointsBet’s US assets, He said on Fridayas it seems to slow the rise of fanatics.
The offer comes a month after Fanatics agreed to buy the Australian company for $150 million in a bid to boost its presence in sports gambling.
“As we continue to focus on operating more efficiently and driving significant organic revenue growth in the US, we also look to prudently capitalize on attractive opportunities in attractive valuations, as is the case with PointsBet’s business in the US,” said Jason Robbins, US CEO of DraftKings. United”. in the current situation. “We believe DraftKings is uniquely positioned to make this superior proposition given our size and corresponding ability to generate meaningful synergies from the acquisition.”
Publicly traded, DraftKings has a market capitalization of about $10 billion.
Fanatics CEO Michael Rubin told CNBC after the announcement that he was very skeptical of the deal, which he sees as DraftKings trying to slow down the fanatics.
“It’s a move to delay our ability to enter the market,” Rubin said. “I think they are more interested in us than I imagined.”
This story is evolving. . Please check back for updates
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