shares of draftkings inc dkng slipped 07 in premarket trading wednesday after the online sportsbetting and digital sports entertainment company said overnight that it is no longer pursuing the acquisition of australiabased pointsbet holdings ltd’s pbthf pbh us business earlier this month draftkings had bid 195 million in cash to buy pointsbets’ us operations which at the time was 30 more than the 150 million fanatics betting and gaming agreed to pay but draftkings’ announcement wednesday comes after pointsbet amended its buyout agreement with fanatics to 225 million or about 15 above draftkings’ bid draftkings’ stock which has rocketed 1279 year to date had closed june 13 at a 17month high in comparison the sp 500 spx has advanced 140 this year