PrizePicks for Sale?

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Published on :

26 July, 2024

PrizePicks, the largest daily fantasy sports company, isn’t pursuing an outright sale, according to one of the people, who asked to not be identified discussing information that hasn’t been made public.

That's the news that broke Thursday courtesy of Bloomberg.

PrizePicks has, nonetheless, hired the investment bank Moelis & Co. (NYSE: MC) to scout out M&A opportunities, according to Bloomberg News.

Co-founder and CEO, Adam Wexler, hasn't said a word since the Bloomberg report. In fact, he's been noticeably quiet via his LinkedIn page. He's typically been pretty active otherwise.

"The company isn’t pursuing an outright sale, according to one of the people, who asked to not be identified discussing information that hasn’t been made public."

PrizePicks Daily Fantasy Sports Site Hires Moelis to Seek Dealshttps ://t.co/zVxUC1eSp4 pic.twitter.com/vuLgLr7Wrr
— Alfonso Straffon (@astraffon) July 26, 2024

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