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Fanatics Betting And Gaming Closes First Wave Of States In Its Acquisition Of The Us Businesses Of Pointsbet

Aug 31, 2023almost 2 years ago

Acquiring Company

Gaming

Acquired Company

PointsBet

Cremorne

Description

Today, Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Inc., closed on the first eight states in its previously announced acquisition of the U.S. businesses of PointsBet USA. The acquisition transforms Fanatics Betting and Gaming into a premier online gaming operator with proven products in sports betting and iCasino.

Company Information

Company

Gaming

Company

Fanatics Betting

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed