PBH News: Fanatics Raises Offer to Buy PointsBet’s U.S. Business by 50% - 28th Jun 2023, 10:55am

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PointsBet said Tuesday that Fanatics raised its bid to $225 million, and recommended that shareholders vote in favor of the revised deal. Fanatics in May forged a deal to buy the Australian company’s U.S. assets for $150 million, but raised it after rival DraftKings made a play for the unit. The competition for the PointsBet unit is a sign of the intense interest in sports-betting, a fast-growing segment of the gambling industry in the U.S.

>>> Read more: Fanatics Raises Offer to Buy PointsBet’s U.S. Business by 50%