Fanatics Agrees to $225 Million Deal to Purchase PointsBet US

Fanatics Agrees to $225 Million Deal to Purchase PointsBet US pointsbet sale The broker explains that it now values Pointsbet shares with a sum of the parts model It ascribes a 72 cents per share valuation to the pointsbet sportsbook tennessee PointsBet will retain its operations in Canada despite entering an agreement to sell its US arm to Fanatics

pointsbet sportsbook tennessee Pointsbet Holdings received the initial installment of $175 million from the $225 million sale of its US business to Fanatics Betting and Gaming

pointsbet toronto PointsBet has two-step payout plan Fanatics will pay the Australian-based operator $175 million of that payment in mid-September, according to PointsBet could sell Australian arm after sale of US 12:51PMMay 15, 2023 Updated 4:19PMMay 15, 2023 PointsBet's Australian arm remains in play