November 2022 Fanatics raised 700m at a valuation of 31billion
i still think Penn acquire Pointsbet by mid 2023 at latest , but , i wouldnt rule out Fanatics coming back at some point, just because nobody knows what they are doing and what sort of betting product they have been working on this year , if any..
fanatics could prob get away with offering 700 to 800mil USD for pbh and pbh would accept and BF would have an almost profitable OSB biz from day 1, how many millions will it take in marketing to bring across and keep 300k clients ?
what if their product is sub par and they turn off potential clients and tarnish the brand ?
how long does it take them to get awareded the 15 state licenses pbh already has ?
they could prob entice the Nth American investors , vora and SIG to take Fanatics stock oveer cash and they become contributors in the eventual IPO funding...
all makes obvious sense , but, i would have thought they do something by now
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