DraftKings Dumps Acquisition Plans For PointsBet's US Business
Portfolio Pulse from Benzinga Newsdesk
DraftKings Inc. (NASDAQ:DKNG) has announced that it will no longer pursue the acquisition of the U.S. business of PointsBet Holdings Ltd.
June 28, 2023 | 7:29 am
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NEUTRAL IMPACT
DraftKings' decision to not acquire PointsBet's US business could impact its growth strategy and potential market share.
The decision to not acquire PointsBet's US business could have been due to a variety of reasons such as financial constraints, regulatory hurdles, or a change in strategic direction. This could potentially impact DraftKings' growth strategy and market share in the short term. However, the exact impact will depend on the company's future plans and actions.
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