20
Oct
Entain soars on DraftKings bid; MGM keeps poker face
By Muvija M Sept 22 (Reuters) – Entain’s shares hit a record high on Wednesday after the British gambling group received a $22.4 billion takeover proposal from U.S. rival DraftKings , double a bid it rejected from joint venture partner MGM in January. Dealmaking is picking up in the online gaming industry as the United States opens up to sports betting and players look to build scale and tap the expertise of foreign companies in more developed markets. Shares in Entain, which owns [...]
