Allwyn seals PrizePicks buy at $2.5bn valuation for landmark US entry

Allwyn International continues its M&A run announcing that it has agreed terms to acquire PrizePicks, the largest daily fantasy sports (DFS) operator in North America.  Deal terms see Allwyn front a $2.5bn valuation to acquire a majority 62.3% stake in PrizePicks for an initial cash consideration of $1.6bn…
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