DraftKings Submits Superior Proposal To Acquire PointsBet's US Business In All-Cash Transaction With Purchase Price Of $195M - $DKNG

DraftKings' proposal represents a 30% premium to PointsBet's existing agreement to sell its U.S. business and is subject to the conditions described in the letter."We expect this transaction to increase our Adjusted EBITDA potential in 2025 and beyond and not impact our expectations of achieving positive Adjusted EBITDA in 2024," said Jason Park, DraftKings' Chief Financial Officer.