Fanatics, the sports platform company, has made a higher offer to acquire the U.S. business of PointsBet, an Australian online sports betting operator, in a bid to beat its rival DraftKings. Fanatics has increased its offer by 50% to $225 million, after DraftKings made a non-binding offer of $195 million earlier this month. PointsBet shareholders…
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Fanatics to acquire PointsBet in $150 million deal
SYDNEY, AUSTRALIA: Fanatics, a sports platform company, has agreed to acquire PointsBet, a sports betting company, in a deal worth $150 million in cash. The acquisition will give Fanatics access to PointsBet’s U.S. operations, which include licenses in 15 states. Fanatics is a privately held company with a valuation of $31 billion. The company has…
Fanatics is acquiring Epi, an Italian sports merchandise company
Fanatics, the global leader in licensed sports merchandise, has made a significant move in the Italian market by acquiring Epi, an Italian sports merchandise company. The acquisition was made for an undisclosed amount, and the Milan-based company will now be rebranded as Fanatics Italy. Epi operates various channels for licensed merchandise, including ecommerce, in-venue sales,…