DraftKings Makes $195 Million Offer for PointsBet’s U.S. Assets, Outbidding Fanatics

DraftKings Makes $195 Million Offer for PointsBet’s U.S. Assets, Outbidding Fanatics

Fanatics agreed to buy PointsBet’s U.S. assets for $150 million to boost its presence in sports gambling, but the sports gambling powerhouse DraftKings tops the bid with an all-cash offer of $195 million.