DraftKings (DKNG) earlier announced that it has delivered a letter to both the Non-Executive Chairman and CEO of PointsBet Holdings (PBTHF) setting forth an indicative offer to acquire PointsBet’s U.S. business in an all-cash transaction with a purchase price of $195M. DraftKings’ said its proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to certain conditions.
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