DraftKings submits late bid to purchase PointsBet’s US operations for $195m

The surprise move represents a 30% increase on Fanatics’ offer. US sportsbook giant DraftKings has launched a shock bid to buy PointsBet’s US operations, which it values at $195m. The news comes after many thought Fanatics’ takeover of PointsBet’s US operations was a ‘done deal,’ however, DraftKings’ offer is 30% above what Fanatics is offering. The deal will be an all-cash transaction, should it go th...