DraftKings Incorporated abandons $20 billion Entain takeover proposition

By | October 27, 2021

American online sportsbook operator DraftKings Incorporated has reportedly cancelled the cash-and-stock offer worth $20 billion that was to have seen it purchase London-listed iGaming and sportsbetting behemoth Entain. According to a report from The Wall Street Journal newspaper, the Boston-headquartered firm lodged its initial takeover proposition in September and later agreed to extend the stalled […]