Shares of DraftKings Inc. slipped 0.7% in premarket trading Wednesday, after the online sports-betting and digital sports entertainment company said...
Shares of DraftKings Inc.
slipped 0.7% in premarket trading Wednesday, after the online sports-betting and digital sports entertainment company said overnight that it is no longer pursuing the acquisition of Australia-based PointsBet Holdings Ltd.’s PBTHF AU:PBH U.S. business. Earlier this month, DraftKings had bid $195 million in cash to buy PointsBets’ U.S. operations, which at the time was 30% more than the $150 million Fanatics Betting and Gaming agreed to pay.
slipped 0.7% in premarket trading Wednesday, after the online sports-betting and digital sports entertainment company said overnight that it is no longer pursuing the acquisition of Australia-based PointsBet Holdings Ltd.’s PBTHF PBH U.S. business. Earlier this month, DraftKings had bid $195 million in cash to buy PointsBets’ U.S. operations, which at the time was 30% more than the $150 million Fanatics Betting and Gaming agreed to pay.
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