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DraftKings Makes $20 Billion Offer to Buy U.K. Betting Giant Entain: Report

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https://www.barrons.com/articles/draftkings-makes-20-billion-offer-to-buy-u-k-betting-giant-entain-report-51632236003

Sept. 21, 2021 10:53 am ET

DraftKings has reportedly made a $20 billion cash and stock offer for U.K. betting giant Entain, in a potential deal that would bring consolidation to the increasingly competitive sports betting sector.

Entain (ticker: ENT.London) confirmed Tuesday that it had received a stock and cash proposal from DraftKings (DKNG), following a report from CNBC, but didn't give specific details.

DraftKings...

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