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Allwyn buys $1.6-billion stake in fantasy sports operator PrizePicks to expand in US
Yahoo Finance·2025-09-22 21:23

PRAGUE (Reuters) -Gaming entertainment group Allwyn International will acquire an approximately 62% stake in fantasy sports operator PrizePicks for an initial cash consideration of 1.6billion,thecompanysaidonMonday.Underthedeal,whichisexpectedtocloseinthefirsthalfof2026,PrizePicksimpliedenterprisevaluecouldgrowto1.6 billion, the company said on Monday. Under the deal, which is expected to close in the first half of 2026, PrizePicks' implied enterprise value could grow to 4.15 billion from $2.50 billion due to additional cash payable if it reaches certain performance metrics over the next three years. (Reporting by Jason Hovet; Editi ...