M&A

DraftKings walks away from $22.4bn offer for Entain

Jason Robins “highly confident” of being able to maintain a leadership position in the US despite failed swoop for BetMGM joint venture partner

DraftKings has abandoned its pursuit of Entain and withdrawn its previous $22.4bn offer for the FTSE 100 operator. In a statement, CEO Jason Robins confirmed DraftKings had held “several” discussions with Entain following its informal offer for the business in September, but has decided not to make a firm offer for the business. “Based on…

Daily fantasy sports | DraftKings | Entain | M&A | Sports betting | US

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