The race for the acquisition of PointsBet’s U.S. business has officially concluded, with shareholders having voted in favor of a proposed sale to Fanatics. The vote took place at an extraordinary general meeting late Thursday, with 99.16% of voters approving the sale and 0.84% voting against it. Shareholder approval will allow the sale process to move to the next stage. However, neither of the parties has set a completion date for the deal yet.
A Fanatics spokesperson said in a statement: “We are thrilled that the shareholders of PointsBet Holdings Inc. voted to approve our acquisition of the U.S. businesses of PointsBet. This is a pivotal moment for Fanatics Betting and Gaming that will accelerate our growth in the legal online sports betting, advance deposit wagering, and iGaming markets in the United States.”
“Pending regulatory approvals in the various states in…
