1 November 2021
The Athletic attracts bids from sports betting firms
By William Turvill
The Athletic has attracted takeover bids from sports betting companies FanDuel and DraftKings, according to the Information.
The American subscription sports news site reportedly hired bankers from LionTree to explore a sale earlier this year (see report below) after talks with both the New York Times and Axios broke down.
According to the Information, the Athletic wants to sell itself at a value of more than $750m.
Source: The Information
Deal size: $750m
Country: US
Status: Report
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