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Fanduel draftkings casino merger

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'The directors of PointsBet are committed to acting in the best interest of all shareholders and are considering the DraftKings proposal alongside its advisers,' the company said in a statement. Despite the DraftKings salvo, PointsBet's board still recommends taking Fanatics' initial offer - until a thorough review of DraftKings' newest proposal is conducted. While PointsBet’s board had agreed to the Fanatics deal, shareholders have yet to officially accept Fanatics’ proposition and were scheduled to vote on the prospective acquisition on June 30. The proposal, announced by PointsBet, is about $45 million more than the one offered by Fanatics last month. business on Friday morning in what amounts to a massive gamble by one of the country’s biggest gambling outfits. DraftKings submitted a $195 million unsolicited bid for PointsBet’s U.S.

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