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UK Entain says it is considering a new bid from DraftKings

Entain PLC rejected previous offers from US digital sports betting and entertainment companies on Wednesday, after DraftKings Inc. He said he was considering a new and improved takeover bid from.

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ENT,
+ 8.58%
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According to the betting and gambling group, the new offer is 2,800 pence ($ 38.25) per share, consisting of 630 pence in cash and a balance paid in DraftKings.
DKNG,
-7.42%

stock. This represents a 46% premium over Entain’s closing price on Monday, with a value of £ 16.4 billion ($ 22.40 billion).

Entain said the board strongly believes in the company’s future outlook and will carefully consider the proposal. We also ask our shareholders to take no action at this time.

Entain rejected the previous DraftKings offer of 2,500p per share. This also included cash and stocks.

Please contact Jaime Llinares Taboada (jaime.llinares@wsj.com). @JaimeLlinaresT

UK Entain says it is considering a new bid from DraftKings

Source link UK Entain says it is considering a new bid from DraftKings

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