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flag Allwyn to buy 62.3% of PrizePicks for $1.6B, with up to $1B more possible.

flag Allwyn International AG has agreed to acquire a 62.3% majority stake in PrizePicks, the leading daily fantasy sports platform in North America, for an initial $1.6 billion, with potential additional payments of up to $1 billion by 2029, raising the maximum enterprise value to $4.15 billion. flag The deal, pending regulatory approval, is expected to close in early 2026. flag PrizePicks, active in over 45 U.S. states and generating $339 million in Adjusted EBITDA over the past year, will remain a standalone brand with its current leadership team retaining significant ownership and control. flag The acquisition supports Allwyn’s expansion into the U.S. sports and entertainment market, aiming to leverage PrizePicks’ fan engagement model and scale through innovation. flag The transaction will be funded with a combination of cash and debt.

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