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

1 month ago   |   By The Guardian

Shares in FTSE 100 gambling company rise by almost a fifth after approach from US rival Entain, 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 than £13bn. Before news of the offer emerged, Entain had a market capitalisation of about £11bn.
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Entain Surges, DraftKings Falls As American Gambling Firm Makes $20 Billion Bid

1 month ago   |   By FXCM


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Ladbrokes-owner Entain after $20 billion DraftKings takeover bid

1 month ago   |   By Evening Standard

Shares in Ladbrokes owner Entain have surged 15% after the gambling group received a takeover bid from US fantasy sports firm DraftKings.
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