Point's Bet's $150 Million Acquisition of Fanatics

Fanatics was losing a lot of money while not making much progress. They decided to exit the US market and focus on their businesses in Australia and Canada, which are close to profitability. Fanatics will save tens of millions of dollars by gobbling up Point's Bet's 14 state licenses. This deals very clearly worth $150 million to me, right? Like Fanatics has the money.