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    PBH — PointsBet Holdings News Story

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    Brief: DraftKings Submits Superior Proposal To Acquire PointsBet’s U.S. Business

    Picture of PointsBet Holdings logoPointsBet Holdings
    16/06/2023 11:53
    June 16 (Reuters) - DraftKings Inc  DKNG.O :
    * DRAFTKINGS SUBMITS SUPERIOR PROPOSAL TO ACQUIRE
POINTSBET’S U.S.
BUSINESS
    * DRAFTKINGS INC - PROPOSED DEAL FOR PURCHASE PRICE OF $195
MILLION
    * DRAFTKINGS INC - EXPECT THIS TRANSACTION TO INCREASE
ADJUSTED
EBITDA POTENTIAL IN 2025
    * DRAFTKINGS INC -  EXPECT THIS TRANSACTION NOT IMPACT
EXPECTATIONS OF ACHIEVING POSITIVE ADJUSTED EBITDA IN 2024
    * DRAFTKINGS INC - PROPOSED TRANSACTION WILL NOT BE SUBJECT
TO ANY
FINANCING CONDITION

Source text for Eikon:  ID:nGNXvD5qx 
Further company coverage:  DKNG.O

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