US News

DraftKings courts UK’s Entain with $22.4 billion offer as U.S. sports betting spurs deals

Published by
Reuters

By Subrat Patnaik and Nivedita Balu (Reuters) -British gambling firm Entain said on Tuesday that U.S. fantasy sports betting company DraftKings had made a takeover proposal that valued it at $22.4 billion. Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2% to the UK firm’s Monday close. Entain said it had earlier rejected a proposal from DraftKings to buy the company for 25 pounds ($34.15) per share. Entain’s shares closed up 18% as the companies confirmed the approach, which would give the U.S. firm access to the Ladbrokes Poker a…

Read More

Facebook Comments

Check Also

U.S. offers unspecified payments to family of those killed in botched drone attack

Published by Reuters (Reuters) – The Pentagon has ...

Archives