DraftKings Abandons PointsBet Acquisition After Fanatics Beats Its Bid
DraftKings has pulled out of the race to buy PointsBet's US business after Fanatics beat its offer with a $225 million bid.
Brant James is a lead writer who covers the sports betting industry and legislation at Gaming Today. An alum of the Tampa Bay Times, ESPN.com, espnW, SI.com, and USA Today, he's covered motorsports and the NHL as beats. He also once made a tail-hook landing on an aircraft carrier with Dale Earnhardt Jr. and rode to the top of Mt. Washington with Travis Pastrana. John Tortorella has yelled at him numerous times.
DraftKings has pulled out of the race to buy PointsBet's US business after Fanatics beat its offer with a $225 million bid.
Sports betting giant DraftKings offered 30% above asking value for PointsBet's US operation, would pay in cash.
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