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Entain shares surge on DraftKings buyout offer

UPDATED: US betting giant offers 2,800p in cash and shares deal after Entain rejected 2,500p per share
Entain shares surge on DraftKings buyout offer
IC TIP: Hold

Ladbrokes owner Entain (ENT) is considering a takeover offer from US betting firm DraftKings (US:DKNG), it has announced, after first rejecting a 2,500p per share cash and share deal. The confirmation of the offer level and second bid came on Wednesday morning after Entain had confirmed on Tuesday that DraftKings had made an approach.  

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