Sports Betting: FanDuel Parent Wields M&A To Expand
Global Finance
OCTOBER 7, 2024
Snaitech generated $285 million of adjusted EBITDA in 2023 and NSX is expected to report $34 million of adjusted EBITDA for 2024, according to New York-based investment bank Needham & Company. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.
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