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

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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.


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