Draftkings has made a £16.4bn ($22.4bn) bid to acquire Entain in a cash (630p) and stock offer, valuing the target at 2800p/share. While the bid is promising, MGM (BetMGM’s JV partner) can throw a spanner in the works (counter-bid or a veto).
22 Sep 2021
Another suitor at Entain's door
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Another suitor at Entain's door
Entain PLC (ENT:LON) | 796 98.7 1.6% | Mkt Cap: 5,083m
- Published:
22 Sep 2021 -
Author:
Virendra Chauhan -
Pages:
3
Draftkings has made a £16.4bn ($22.4bn) bid to acquire Entain in a cash (630p) and stock offer, valuing the target at 2800p/share. While the bid is promising, MGM (BetMGM’s JV partner) can throw a spanner in the works (counter-bid or a veto).