DraftKings makes $20 billion offer for Entain – CNBC

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The offer price is roughly 2,500 pence per share, according to CNBC’s David Faber, largely in DraftKings stock along with a cash component. (https://

The deal would give DraftKings, which allows users to enter daily and weekly fantasy sports-related contests, access to brands such as bwin, Coral, PartyPoker, and Sportingbet.

DraftKings’ proposal comes after MGM Resorts (NYSE:MGM) International in January ditched plans to buy Entain after the British company rebuffed an $11 billion takeover approach, but investors have speculated that the U.S. casino operator may return with a new bid.

Entain and DraftKings were not immediately available for comment.