Betsson hits over 5-year high as report says Fanatics weighs buyout

Betsson AB

16/09/2021 10:23

** Shares of Swedish online gaming company Betsson
 BETSb.ST  soar 12% to their highest price in more than five
years after a media report on buyout speculations
    ** U.S. sports merchandise retailer Fanatics is close to a
deal to buy a sportsbook operation, and has held talks with Rush
Street Interactive  RSI.N  and Betsson, sports betting news site
Action Network reported https://www.actionnetwork.com/legal-online-sports-betting/fanatics-closes-in-on-acquiring-sports-betting-company,
 citing unnamed sources
    ** The report said the meetings have been productive and
Fanatics might buy one of those companies soon
    ** Betsson declined to comment on the report to Reuters
    ** Action Network says Fanatics and RSI did not comment on
the talks
    ** Betsson's stock, up about 28% this year, is set for its
best day since March 2020
    ** Rush Street Interactive rose 6% on Wednesday
    

 (Reporting by Milla Nissi)
 ((milla.nissi@tr.com))