PointsBet finalises sale of US outfit to Jay-Z backed Fanatics

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Why is PointsBet selling the North American business? PointsBet is the seventh-largest sportsbook in the US, with gaming licenses in 14 states

pointsbet share price PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business

pointsbet reviews PointsBet's sale to Fanatics was recognized as a top M&A deal of the year by @TheMiddleMarket for its 2024 annual awards