“Jason’s Revenge” is the latest attraction in sports betting — not in a horror flick, but in a high-profile merger battle.
DraftKings CEO Jason Robins — currently pitted against Michael Rubin, the billionaire boss of Fanatics to buy the PointsBet sports betting business — has made his rival bid two years after DraftKings and Fanatics secretly held merger talks, two sources close to the situation said.
DraftKings in early 2021 was in deep talks with Fanatics in what would have been a 50-50 merger with each company valued at about $24 billion, sources said, revealing high-stakes negotiations that have not been previously reported.
But Rubin, whose net worth is pegged by Forbes at $11.4 billion, walked away near the end of the process, the sources said.
