Business
Why all eyes will be on the PointsBet (ASX:PBH) share price today
The PointsBet Holdings Ltd (ASX: PBH) share price will be one to watch on Tuesday.
This follows the release of an acquisition announcement by the sports betting company this morning.
What did PointsBet announce?
This morning PointsBet announced that its wholly owned Irish subsidiary, Lockspell Limited, has entered into a binding share purchase agreement to acquire Banach Technology. The transaction remains subject to customary completion conditions and is expected to close in April.
According to the release, PointsBet will acquire Banach Technology for US$43 million on a cash and debt free basis. This will be paid 55% in cash and the…
-
General24 hours agoFormer Neighbours star Damien Richardson found guilty of public Nazi salute
-
Noosa News20 hours agoCrystal Beale’s final moments revealed before her body was found in Brisbane River
-
General23 hours agoNauru refugees. Indefinite detention a definite breach of High Court ruling
-
General23 hours agoQueensland teachers to hold statewide rallies but stop short of announcing strike date