Gambling Group DraftKings Bids 16.5 Billion For Rival Entain

Gambling group DraftKings bids 16.5 billion for rival Entain

UK gambling giant Entain on Wednesday said it had received a takeover bid from US rival DraftKings worth 16.5 billion ($22.5 billion, 19.2 billion euros)

London, Sept 22 (APP - UrduPoint / Pakistan Point News - 22nd Sep, 2021 ) :UK gambling giant Entain on Wednesday said it had received a takeover bid from US rival DraftKings worth 16.5 billion ($22.5 billion, 19.2 billion Euros).

Entain, which had already revealed the bid but did not disclose the price, said in a statement that it had also rejected a lower bid from DraftKings, as the gambling sector looks to consolidate.

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