Susquehanna Invests $65.2m in US Operator Pointsbet

SIG invests in Pointsbet

SIG Sports a sub-unit of Susquehanna International Group (SIG) has invested $65.2m (94.16m AUD) into rapidly growing US sportsbook operator Pointsbet.

The purchase was made at $1.68 per share which is a 13% increase over the closing price of Pointsbet on Friday.

Pointsbet will issue new shares for this investment and a total of 38.75m new shares will be issued to SIG Sports.

Another tech company also founded by SIG named Nellie Analytics has entered into an agreement with Pointbet to supply the operator with technology and data.

Resources

https://www.sportico.com/business/sports-betting/2022/susquehanna-sig-pointsbet-investment-1234679152/amp/

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