Published 3 years ago

DraftKings makes $20 billion offer for Entain

Summary by Ground News

Entain, which is run by Jette Nygaard-Andersen, fought off an £8bn bid from US competitor, MGM, at the start of the year. Boston-based Draftkings has now broken the ice with a £15bn offer. Deal rumoured to value each Entain share at more than £25, taking the market cap of the firm above £15billion.

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The Guardian

DraftKings makes $20bn offer for Ladbrokes and Coral owner Entain

Shares in FTSE 100 gambling company rise by almost a fifth after approach from US rivalEntain, the gambling company behind Ladbrokes and Coral, has received a $20bn takeover approach from DraftKings – the latest swoop by an American rival.Shares in Entain surged by almost a fifth on the news of the cash and stock offer from the US sports betting firm, making it the biggest riser among FTSE 100 stocks and giving the company a market value of more…

3 years ago·London, United Kingdom

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Reuters

DraftKings makes $20 billion offer for Entain

-Sports betting firm DraftKings has made a $20 billion cash-and-stock offer for Ladbrokes owner Entain Plc, CNBC reported on Tuesday, citing sources. The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, largely in DraftKings stock along with a cash component. (https://bit.ly/3hOgEBx) The deal would give DraftKings, which allows users to enter daily and

3 years ago·United Kingdom

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abc News

DraftKings makes $22.4 billion bid for UK's Entain

The British betting company Entain has confirmed a takeover bid worth about $22.4 billion (16.4 billion pounds) from DraftKings as online gambling companies seek inroads into physical betting sites and vice versa

3 years ago·United States

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Irish Independent

DraftKings makes $20bn offer for Ladbrokes owner Entain

US fantasy sports betting company DraftKings has approached UK-listed Entain with a potential offer to buy the British owner of gambling brands including Ladbrokes, Coral and PartyPoker in a deal that one media report said could be valued at $20bn (€17bn).

3 years ago·Ireland

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KRDO

DraftKings makes $22.4 billion bid for UK's Entain

By MICHELLE CHAPMAN AP Business WriterThe British betting company Entain has confirmed a takeover bid worth about $22.4 billion (16.4 billion pounds) from DraftKings as online gambling companies seek inroads into physical betting sites and vice versa. Entain’s stock surged nearly 6% Wednesday on the London Stock Exchange and rumors of a potential deal have more than doubled the price of its shares this year. Entain’s portfolio of sports betting …

3 years ago·Colorado Springs, United States

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