Entain PLC updates
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DraftKings, the fantasy sports and betting company, has made a roughly 16.6bn offer for Entain, setting the stage for a battle with the UK gambling groups joint venture partner in the US, the casino giant MGM.
London-listed Entain said on Tuesday that it had received a takeover offer from its US rival, the consideration for which would include a combination of DraftKings stock and cash. DraftKings confirmed it had made the approach but declined to comment further.
The offer, submitted in recent days, valued Entain at more than 25 a share, according to a person with knowledge of the bid. The company did not reveal the terms of the offer but CN…
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