Tag: MGM

DraftKings bid for Entain – The Gold Rush Continues

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The online gambling American gold rush continues with the latest takeover bid for a UK company. Ladbrokes and Coral owner, Entain, turned down a bid from their own American partner MGM earlier in the year, saying that the £8 billion offered significantly undervalued the company, but now a new suitor has taken up the scent….

MGM £8.1 Billion Bid for Entain Rejected

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If someone offered you £8.1 billion for your business would you sell it? Entain (the new brand name of GVC) wouldn’t. MGM Resorts yesterday put the huge offer on the table, but were knocked back by the owners of brands such as Ladbrokes, Coral, and Betdaq. Entain believe the offer, representing £13.83 per share, does…